John Prado and Ayana Nicks formed a partnership annual salary allowance each is 10000 and 28000 respectively interest of 5% on each partner capital balance on Jan 1 any remaining net income divided equallu Prado and nick had 20000 and 50000 respectively. in their jan 1 capital balance. net income for the year was 30000 how much net income should be distributed to rado and nick
John Prado and Ayana Nicks formed a partnership annual salary allowance each is 10000 and 28000 respectively interest of 5% on each partner capital balance on Jan 1 any remaining net income divided equallu Prado and nick had 20000 and 50000 respectively. in their jan 1 capital balance. net income for the year was 30000 how much net income should be distributed to rado and nick
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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John Prado and Ayana Nicks formed a partnership
annual salary allowance each is 10000 and 28000 respectively
interest of 5% on each partner capital balance on Jan 1
any remaining net income divided equallu
Prado and nick had 20000 and 50000 respectively. in their jan 1 capital balance. net income for the year was 30000
how much net income should be distributed to rado and nick
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