Question
Capital 1/1/2020 Profit/loss% Withdrawals in 2020 Alice 37174 30% 15,000 Bob 27545 25% 45,000 Carol 42940 45% 30,000 For 2020, Bob earned a salary of
Capital 1/1/2020 Profit/loss% Withdrawals in 2020
Alice 37174 30% 15,000
Bob 27545 25% 45,000
Carol 42940 45% 30,000
For 2020, Bob earned a salary of $40642. Each partner receives interest of 8% of the beginning capital balance for the year. Total income of the partnership in 2020 was $103123.
1. How much income should be attributed to Alice in 2020?
2. What is Bob's capital balance at 12/31/2020?
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Do It Yourself Home Energy Audits 140 Simple Solutions To Lower Energy Costs, Increase Your Home's Efficiency, And Save The Environmen
Authors: David Findley
1st Edition
0071636390, 978-0071636391
