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3 The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequenoe: Jones,
3 The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequenoe: Jones, the managing partner, receives a bonus equal to 20 percent of the business's profit. . Each partner reoeives 18 peroent interest on average capital investment . Any residual profit or loss is divided equally The average capital investments for 2015 were as follows: s 185.000 330,000 496,000 ones King Lane How much of the $75,000 partnership profit for 2015 should be assigned to each partner? Income Assignment ones King Lene
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