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30 Not yet answered Marked out of 2.00 Flag question Ahmad, Sami, and Barhoom formed a partnership named ASB House improvement Center on 1/1/2017. They
30 Not yet answered Marked out of 2.00 Flag question Ahmad, Sami, and Barhoom formed a partnership named ASB House improvement Center on 1/1/2017. They had: Capital accounts at the January 1, 2017 of $30,000 for Ahmad, $45,000 for Sami, and $70,000 for Barhoom. Partnership net income for year ended December 31, 2017 was $90,000. The partnership agreement provides that: a. A salary of $30,000 to Ahmed and $20,000 to Sami. No salary for Barhoom. b. All partners are to receive interest of 10% on beginning capital balances. Any remaining income or loss is to be divided 20% to Ahmed: 30% to Sami; and 50% to Barhoom Required: How much is Barhoom's share of the net income? (Note: write your answer as a number only, with No commas or signs)
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