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Partnership net income of $33,000 is to be divided...

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Partnership net income of $33,000 is to be divided between two partners, Elan Chan and Roy Anderson, according to the following arrangement: There will be salary allowaances of $20,000 for Chan and $10,000 for Anderson, with the remainder divided equally. How much of the net income will be distributed to Chan and Anderson, respectively? a) $22,000 and $11,000 b) $21,000 and $11,500 c) $16,500 and $16,000 d) $21,000 and $12,000

 

Paper#7727 | Written in 18-Jul-2015

Price : $25
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