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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $396,000 and $264,000, res Determine their participation in the year's net income of
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $396,000 and $264,000, res Determine their participation in the year's net income of $300,000 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 18% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $103,000 and $143,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 18% on original investments, salary allowances of $103,000 and $143,000, res and the remainder divided equally. Hawes 150,000 180,000 V 144,084 X Albright 150,000 120,000 155,916 X 170,000 S(?30,0001 S( (d) V
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