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Business, 22.03.2021 17:50 lexieprochaskaaa

The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix, the managing partner, receives a salary allowance of $102000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Alix $608000, Gise $1196000, and Bosco $1803000. If partnership net income is $717000, the amount allocated to Gise should be:

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The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix...
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