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Question #2 (5 Marks) a) Marwan and Sami are partners in a partnership company. The company's income statement for the year 2020 showed a net
Question #2 (5 Marks) a) Marwan and Sami are partners in a partnership company. The company's income statement for the year 2020 showed a net loss of JD 10,000. Marwan gets an annual salary of 4,000 dinars, and Hussam receives a bonus of 10% of the net profit. Profits and losses are distributed equally between the two partners. Sami's share of the net income is:..... b) Sofian and Rami are partners in a firm. On 1/1/2020, capital balances in the partnership are $80000, $90000, respectively. Partner's Current Account balances are $30000 credit, $25000 credit, respectively. Partner's Drawings during the year are $10000, $5000, respectively. On 1/6/2020, Rami advanced a loan of $8000 to the firm for five years with a rate of 12% transfer to his current account every six months. Income ratios are equal. During 2020, the company net Losses of $20000. Rami's Current Account balance at 31/12/2020 is
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