Business, 26.09.2019 23:00 oscarmasinde44
Farmer and taylor formed a partnership with capital contributions of $200,000 and $250,000, respectively. their partnership agreement calls for farmer to receive a $70,000 per year salary. the remaining income or loss is to be divided equally. if the net income for the current year is $135,000, then farmer and taylor's respective shares are:
a. $67,500: $67,500.
b. $130,000; $5,000.
c. $106,140; s28.860
d. $90,000; $45,000.
e. $102,500. s32.500.
Answers: 2
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Farmer and taylor formed a partnership with capital contributions of $200,000 and $250,000, respecti...
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