accounting

PRINTER VERSION BACK NEX Question 10 The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix, the managing partner, receives a salary allowance of $108000, (b) each partner receives 15% interest on average capital Investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were; Allx $592000, Gise $1193000, and Bosco $1808000. If partnership net income is $720000, the amount distributed to Gise should be: $203300. $178950. $154600. $240000