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The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: ( a ) Alix, the managing partner, receives a salary allowance
The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: a Alix, the managing partner, receives a salary allowance of $b each partner receives interest on average capital investment, and c remaining net income or loss is divided equally. The average capital investments for the year were: Alix $ Gise $ and Bosco $ If partnership net income is $ the total amount allocated to Bosco should be:
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