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Lan, Lucey, and Nuse have Capital balances of $16,000 $8,000, and $8,000, respectively. The partners share profits and losses as follows: a. The first $45.000
Lan, Lucey, and Nuse have Capital balances of $16,000 $8,000, and $8,000, respectively. The partners share profits and losses as follows: a. The first $45.000 is divided based on the partners capital investments b. The next $35,000 is based on service shared equally by Lan and Nuse c. The remainder is divided equally Compute each partner's share of the $134.000 net income for the year (Complete all answer boxes. For amounts that are $0, make sure to enter "0" in the appropriate column. Round your final answers to the nearest whole dollar.) Lan, Lucey, and Nuse Allocation of Profits and Losses Lan Lucey Nuse Total Total net income 134000 Sharing of first portion based on capital Lan Lucey Nuse Total Enter any number in the edit hields and then continue to the next question Lan, Lucey, and Nuse have Capital balances of $16,000, 58,000 and $8,000, respectively. The partners share profits and losses a a. The first $45,000 is divided based on the partners capital investments. b. The next $35,000 is based on service, shared equally by Lan and Nuse. c. The remainder is divided equally. Compute each partner's share of the $134.000 net income for the year Lucey Nuse Total Net income remaining for allocation Sharing of next portion based on service: Lan Nuse Total Net income remaining for allocation Remainder shared equally: Lan Inreu Enter any number in the edit fields and then Lan, Lucey, and Nuse have Capital balances of $16,000 $8.000 and $8.000, respectively. The partners share a. The first $45.000 is divided based on the partners' capital investments. b. The next $35.000 is based on service shared equally by Lan and Nuse c. The remainder is divided equally. Compute each partner's share of the $134 000 net income for the year. Lan Nuse Total Net income remaining for allocation Remainder shared equally: Lan Lucey Nuse Total Ret income remaining for allocation Net income allocated to the partners Enter any number in the edit tjelesnih
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