0 x Question 8 Not yet answered Marked out of 1.00 Khalid, Rami, and Saleh formed a partnership. When applicable, the articles of co-partnership state that salaries are to be paid first, interest on partners' capital second, with the remainder to be divided equally. Net income for the year was $600,000. The partnership agreement provides for salaries of $110,000 for Khalid and $90,000 for Rami, with no interest paid on capital balances. Partner Saleh's share of net income is $210,000 Identify if the above statement is true or false. If false indicate how to correct it Flag Question A- B 1 III III 0 Previous page Next page