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Partners Cantor and Dickens have capital balances in a partnership of $166000 and $231000, respectively. They agree to share profits and losses as follows: Cantor
Partners Cantor and Dickens have capital balances in a partnership of $166000 and $231000, respectively. They agree to share profits and losses as follows: Cantor Dickens As salaries $40000 $47300 As interest on capital at the beginning of the 10% 10% year Remaining profits or losses 50% 50% If income for the year was $205000, what will be the allocation of income to Dickens? $109400 O $95600 O $79400 O $39700 Save for Later Attempts: 0 of 1 used Submit
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