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i dont understand the shared ratio agreement of 4:3:2:1 from the following data calculate each partners share of partnership net income under the agreement Need
i dont understand the shared ratio agreement of 4:3:2:1
from the following data calculate each partners share of partnership net income under the agreement Need the share for each person on
interest of capital, partners salaries, travel allowances, share of adjusted net income.
the assesable income was 780000 with 300000 of deductions
interest on capital
sue 12000 , prue 150000, lou 5000 emmet 3000
partners salaries
sue 65000 prue 50000 emmet 20000
travel allowances
sue 4000 emment 6000
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