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Question 13 3 pts Assume that partnership income is $77,000, interest on capital for A, B, and C is $7,000, $6,000, and $8,000 respectively, salaries
Question 13 3 pts Assume that partnership income is $77,000, interest on capital for A, B, and C is $7,000, $6,000, and $8,000 respectively, salaries for A and C are still $15,000 and 18,000 respectively, and B's bonus is $4,500. What would be partner C's total share of the partnership income for the year? Question 14 2.5 pts When partners wish to avoid creating a deficiency in profits they O do not distribute any profits if the profit is not enough to satisfy all the provisions in a given year. prioritize the provisions of the profit and loss sharing agreement and satisfy these provisions to the extent possible. O None of these. O satisfy all the provisions of the profit and loss sharing agreement in all cases
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