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  • 21 July

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    Manish Nagdev
    11 views3 pages
    1) Partner A contributed $60,000 cash and Partner B contributed services valued at $30,000. 2) For the year, Partner A salary was $33,000 and Partner B salary was $30,000. 3) After salaries and other expenses, the partnership had net income of $57,000 which was allocated 60% to Partner A and 40% to Partner B.

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    21july

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    1) Partner A contributed $60,000 cash and Partner B contributed services valued at $30,000. 2) For the year, Partner A salary was $33,000 and Partner B salary was $30,000. 3) After salaries and other expenses, the partnership had net income of $57,000 which was allocated 60% to Partner A and 40% to Partner B.

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    © All Rights Reserved
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    11 views3 pages

    21 July

    Uploaded by

    Manish Nagdev
    1) Partner A contributed $60,000 cash and Partner B contributed services valued at $30,000. 2) For the year, Partner A salary was $33,000 and Partner B salary was $30,000. 3) After salaries and other expenses, the partnership had net income of $57,000 which was allocated 60% to Partner A and 40% to Partner B.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    PAGE

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