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Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $ 9 6 , 0 0 0 and $ 1 4 4 ,
Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $ and $ respectively. Determine their participation in the year's net income of $ under each of the following independent assumptions: a No agreement concerning division of net income. b Divided in the ratio of original capital investment. c Interest at the rate of allowed on original investments and the remainder divided in the ratio of : d Salary allowances of $ and $ respectively, and the balance divided equally. e Allowance of interest at the rate of on original investments, salary allowances of $ and $ respectively, and the remainder divided equally.
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