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Brent Jacobs and Walter Page formed a partnership by contributing $45,000 and 55,000 respectively. The company reported net income of $65,000 in its first year
Brent Jacobs and Walter Page formed a partnership by contributing $45,000 and 55,000 respectively. The company reported net income of $65,000 in its first year of operations. Assuming the partners share prohts and losses based on the beginning of year capital balances, how much would be distributed to each partner? O B. Jacobs - $55.000; W. Page - $45.000 O B. Jacobs - $45.000; W. Page - $55.000 O B. Jacobs - $32.500W. Page - $32.500 O B. Jacobs -$29.250: W. Page - $35.750
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