Benefts pald to retred employees increases a. pension expense b. the plan assets . d. OC e None of the above u)In a partnership liquidation,losses are made in accordance with the a. partner's income sharing ratio b. balances of partners capital accounts c. ratio of original investments by partners d. ratio of original investments less wthdrawals by partners 2 When a new partner is admitted by purchasing her interest from a prior partner, total capital a. Increases c. Does not change d. Depends on the purchase price 3 Use the following to answer question The APB partnership agreement specifies that partnership net income be allocated as follows Partner A Partner P Partner B Salary allowance Interest on average capital balances Remainder $30,000 $10,000 $40,000 10% 20% 10% 40% 10% 40% Average capital balances for the current year were $50,000 for A, $30,000 for P, and $20,000 for B. Refer to the information given. Assuming a current year net income of $50,000, what amount of the remainder should be al to each partner? Partner A PartnerP Partner B A) 20,000 $20,000 $10,000 B) $(16,000) $(16,000) (8,000) C) $19,000 (3,000) $34,000 D) $17,000 0 $33,000 ) X and Y invest S 100,000 anasso, interest at 10% on original investments, salary allowances of $12,000 and would be X's share of a periodic net income of $45,000? a. $22,500 b$22,000 c. $19,000 d.$10,000 respectively in a partnership and agree to a division of net income that provides for an allose 24,000 respectively, with the remainder divided equally