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Partners William and Dickens have capital balances in a partnership of $168000 and $240000, respectively. They agree to share profits and losses as follows: As
Partners William and Dickens have capital balances in a partnership of $168000 and $240000, respectively. They agree to share profits and losses as follows: As salaries As interest on capital at the beginning of the year Remaining profits or losses William Dickens $40400 $48100 $64650 O $53550 O $40800 O $57200 10% 50% 10% 50% If income for the year was $122000, what will be the allocation of income to William? Q ML Vie Mult Ques Multipl
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