Experience the power of community-driven knowledge on IDNLearn.com. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Bruce Delew and Nadia Comatof formed a partnership, dividing income as follows: Annual salary allowance to Delew, $18,000, and Comatof, $51,000. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided equally. Delew and Comatof had $36,000 and $91,000, respectively, in their January 1 capital balances. Net income for the year was $55,000. How much net income should be distributed to Delew and Comatof? Delew: Comatof:
Sagot :
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.