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please answer as soon as Time left 0:25:22 Answer: 40000 6 d OF Ahmad, Sami and Barhoom formed a partnership named ASB House improvement Center
please answer as soon as
Time left 0:25:22 Answer: 40000 6 d OF Ahmad, Sami and Barhoom formed a partnership named ASB House improvement Center on 11/2017. They had: Capital accounts at the January 1. 2017 of $30,000 for Ahmad. $45,000 for Sami, and $70,000 for Barhoom. Partnership net income for year ended December 31. 2017 was $90,000 The partnership agreement provides that: A salary of $30,000 to Ahmed and $20,000 to Sami. No salary for Barhoom. a. b. All partners are to receive interest of 10% on beginning capital balances. Any remaining income or loss is to be divided 50% to Ahmed: 20% to Sami: and 30% to Barhoom Required: How much is Barhoom's share of the net income? (Note: write your answer as a number only. with No commas or signs). Answer: 2000 Step by Step Solution
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