Exercise Static Part Income allocation in a partnership LO P
The partners agreed to share income by giving a $ per year salary allowance to Ramer, a $ per year salary allowance to Knox, interest on their initial capital investments, and the remaining balance shared equally. Net income is $ Note: Enter all allowances as positive values. Enter losses as negative values.
tableRamer,,Knox,TotaltableNet IncomeSalary allowancesSalary allowances,$$
tableInterest allowancesTotal salary and interestBalance of incomeBalance of incomeBalance allocated equally,,tableBalance of incomeShares of the partnersShares of the partners,$
