Question
XX is to receive 10% net income up to 200000 and 20% over 200000. YY and ZZ each are to receive 5% of the remaining
XX is to receive 10% net income up to 200000 and 20% over 200000.
YY and ZZ each are to receive 5% of the remaining income over 300000
the balances of income were 500000before any allocations to partners. what amount should be allocated to XX?
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
