Business, 16.12.2019 18:31 meganwintergirl

Problemthe pq partnership has the following plan for the distribution of partnership net income (loss): p qsalaries $60,000 $100,000bonus in net income 6% 12%interest on average capital balances 7% 7%remainder (if positive) 60% 40%remainder (if negative) 50% 50% required: calculate the distribution of partnership net income (loss) for each independent situation below (for each situation, assume the average capital balance of p is $140,000 and of q is $240,000).1. partnership net income is $360,000.2. partnership net income is $240,000.3. partnership net loss is $40,000.

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Problemthe pq partnership has the following plan for the distribution of partnership net income (los...

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