Dividing Partnership Net Income Required: Steve King and Chelsy Boxer formed a partnership, dividing income as...
Dividing Partnership Net Income Required: Steve Prince and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Boxer of $95,760. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Boxer, 1:2. Prince and Boxer had $57,000 and $111,000, respectively, in their January 1 capital balances. Net income for the year was $171,000. How much is distributed to Prince and Boxer? Note: Compute partnership share. Prince: $...
Dividing Partnership Net Income Required: Steve Prince and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Boxer of $100,890. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Boxer, 1:2. Prince and Boxer had $93,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $171,000. How much is distributed to Prince and Boxer? Note: Compute partnership share. Prince: $...
Dividing Partnership Net Income Required: Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Queen of $95,700. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $48,000 and $111,000, respectively, in their January 1 capital balances. Net income for the year was $165,000. How much is distributed to Queen and Boxer? Note: Compute partnership share. Queen: $...
Dividing Partnership Net Income Required: Steve King and Chelsy Poodle formed a partnership, dividing income as follows: 1. Annual salary allowance to Poodle of $87,450. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to King and Poodle, 1:2. King and Poodle had $99,000 and $111,000, respectively, in their January 1 capital balances. Net Income for the year was $159,000. How much is distributed to king and Poodle? Note: Compute partnership...
Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Queen of $111,510. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $60,000 and $99,000, respectively, in their January 1 capital balances. Net income for the year was $189,000. How much is distributed to Queen and Boxer? Note: Compute partnership share. Queen: $ Boxer: $
Dividing Partnership Net Income Required: Steve Conyers and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Bernard of $132,240. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Bernard, 1:2. Conyers and Bernard had $72,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $228,000. How much is distributed to Conyers and Bernard? Note: Compute partnership share. Conyers: $...
Dividing Partnership Net Income Required: Steve Conyers and Chelsy Boxer formed a partnership, dividing income as follows: 1. Annual salary allowance to Conyers of $156,600 2. Interest of 5% on each partner's capital balance on January 1. 3. Any remaining net income divided to Conyers and Boxer, 1:2. Conyers and Boxer had $78,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $270,000. How much is distributed to Conyers and Boxer? Note: Compute partnership...
Dividing Partnership Net Income Required: Steve Jack and Chelsy Dane formed a partnership, dividing income as follows: 1. Annual salary allowance to Jack of $85,800. 2. Interest of 6% on each partner's capital balance on January 1. 3. Any remaining net income divided to Jack and Dane, 1:2. Jack and Dane had 596,000 and $87,000, respectively, in their January 1 capital balances. Net Income for the year was $156,000. How much is distributed to Jack and Dane? Note: Compute partnership...
Steve King and Chelsy Dane formed a partnership, dividing income as follows: 1.Annual salary allowance to Dane of $154,560. 2.Interest of 7% on each partner's capital balance on January 1. 3.Any remaining net income divided to King and Dane, 1:2. King and Dane had $63,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $276,000. How much is distributed to King and Dane? Note: Compute partnership share.
1. Dividing Partnership Net Income Required: Steve Queen and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Queen of $132,720. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Boxer, 1:2. Queen and Boxer had $84,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $237,000. How much is distributed to Queen and Boxer? Note: Compute partnership share. Queen:...