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Dividing Partnership Income is to devote full time. The following plans for the division of income are being considered: a . Equal division. b .
Dividing Partnership Income
is to devote full time. The following plans for the division of income are being considered:
a Equal division.
b In the ratio of original investments.
c In the ratio of time devoted to the business.
d Interest of on original investments and the remainder equally.
e Interest of on original investments, salary allowances of $ to Black and $ to Shannon, and the remainder equally.
f Plan e except that Shannon is also to be allowed a bonus equal to of the amount by which net income exceeds the total salary allowances.
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