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Levin and Tom have agreed to distribute partnership net income according to the following plan Levin Tom Interest on average capital balances 10 % 6

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Levin and Tom have agreed to distribute partnership net income according to the following plan Levin Tom Interest on average capital balances 10 % 6 % Bonus on net income before the bonus on average capital balances Salaries $ 20,000 $ 70,000 Residual (if positive) 60 % 40 % Residual (if negative) 50 % 50 % Additional Information for 20x9 follows: 1. Levin began the year with a capital balance of $75,000. 2. Tom began the year with a capital balance of $100,000. 3. On March 1, Levin invested an additional $45,000 into the partnership. A. What amounts were distributed to each partner with no restrictions if Net income for Levin-Tom partnership for 20x9 was $125,000.2 PTS B. What amounts were distributed to each partner with no restrictions if Net Income for Levin Tom partnership for 20X9 was $100,000. 2 PTS C. What amounts were distributed to each partner to the extend possible if Net Income for Levin-Tom partnership for 20X9 was $100,000. 2PTS

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