Beau Dawson and Willow McDonald formed a partnership, investing $67,500 and $202,500, respectively.
Determine their participation in the year's net income of $285,000 under each of the following independent assumptions:
c. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here