Question

A ,B, C form a partnership and agree to allocate remaining income equally affter giving interest...

A ,B, C form a partnership and agree to allocate remaining income equally affter giving interest of 10% on capital balances of $100,000 ,$300000 and $400000 and salaries of $40,000,,$20000 ans $10000 respecetively. calculate the net income(los) allocation to each partner under each of the following independent sistuations:

a. Net income of $200000

b. Net income of 10,000

c.Loss of $10000

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