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View Policies Current Attempt in Progress Partners Matthew and Dickens have capital balances in a partnership of $166000 and $231000, respectively. They agree to share
View Policies Current Attempt in Progress Partners Matthew and Dickens have capital balances in a partnership of $166000 and $231000, respectively. They agree to share profits and losses as follows: Matthew Dickens As salaries $40900 $47900 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses: 50% 50% If net loss for the year was $7400, what will be the allocation to Dickens? O $4350 loss O $47100 income O $7400 loss O $3050 income
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