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Fred and Barney started a partnership. Fred invested $16,500 in the business and Barney invested $25,000....

Fred and Barney started a partnership. Fred invested $16,500 in the business and Barney invested $25,000. The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 16% return on invested capital with the remaining income being distributed equally between the two partners. Assuming that the partnership earned $37,000 during an accounting period, the amount of income assigned to the two partners would be:
Fred Barney
  A. $12,540 $11,180
  B. $16,500 $20,500
  C. $18,500 $18,500
  D. $17,820 $19,180

Option A

Option B

Option C

Option D

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Answer #1

Ihustmerd by 6,500 25,000 Basne a Retun on \6:/. 0イコnvested nve stmenl @ Caprta/ So RctumYo. Fsed = $16, 500x16:/ 2,640 5%cohmet In comes ふしLows Assignable邛.come | $ 13.820 Ttal |も19,180 For Baney 14, 120 千

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