During the current year, Helen Bray withdrew $3,000 monthly from the partnership of Bray and Cox Water

Question:

During the current year, Helen Bray withdrew $3,000 monthly from the of Bray and Cox Water Management Consultants. Is it possible that her share of net income for the current year might be more or less than $36,000? Explain.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...