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The APB partnership agreement specifies that partnership net income be allocated as follows: partner A Partner p Partner B salary allownace 30000 10000 40000 interest
The APB partnership agreement specifies that partnership net income be allocated as follows: partner A Partner p Partner B salary allownace 30000 10000 40000 interest on avaerage on capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital balances for the current year were $50,000 for A, $30,000 for P, and $20,000 for B. Refer to the information given. Assuming a current year net income of $150,000, what amount should be allocated to each partner? Partner Partner PL Partner B 60000 60000 B0000 59000 237000 ano a 54000 24000 24000 12000 58000 138000 54000 Select one Partner Partner P Partner B 58.000 38000 54000 b. Partner A Partner P Partner B 60000 60000 30000 ES Partner Partner P Partner B 59000 37000 54000 d. Partner A Partner P Partner B 24000 24000 12000
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