Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $333,000 and $111,000, respectively Determine their participation in the year's net income of $402,000 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 15 allowed on original investments and the remainder divided in the ratio of 2 3 d Salary allowances of $71,000 and $97,000, respectively, and the balance divided equally e Allowance of interest at the rate of 15 on original investments, salary allowances of $71,000 and $97,000, respectively, and the remainder divided equally Hawes Albright a a b b c c d d e e Part 2 Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $352,000 and $176,000, respectively Determine their participation in the year's net income of $276,000, 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 10 allowed on original investments and the remainder divided in the ratio of 2 3 D Salary allowances of $83,000 and $115,000, respectively, and the balance divided equally E Allowance of interest at the rate of 10 on original investments, salary allowances of $83,000 and $115,000, respectively, and the remainder divided equally Hawes Albright a a b b c d d d e e

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $333,000 and $111,000, respectively. Determine their participation in the year's net income of

Dividing Partnership Income

Tyler Hawes and Piper Albright formed a partnership, investing $333,000 and $111,000, respectively.

Determine their participation in the year's net income of $402,000 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 15% allowed on original investments and the remainder divided in the ratio of 2:3.

d-Salary allowances of $71,000 and $97,000, respectively, and the balance divided equally.

e- Allowance of interest at the rate of 15% on original investments, salary allowances of $71,000 and $97,000, respectively, and the remainder divided equally.

Hawes Albright

a-	a-
b-	b-
c-	c-
d-	d-
e-	e-

Part 2

Dividing Partnership Income

Tyler Hawes and Piper Albright formed a partnership, investing $352,000 and $176,000, respectively.

Determine their participation in the year's net income of $276,000, 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 10% allowed on original investments and the remainder divided in the ratio of 2:3.

D- Salary allowances of $83,000 and $115,000, respectively, and the balance divided equally.

E- Allowance of interest at the rate of 10% on original investments, salary allowances of $83,000 and $115,000, respectively, and the remainder divided equally.

Hawes Albright