Samantha and Dolly allocate 3/4 of their partnership's profits and losses to Samantha and 1/4 to...
Samantha and Dolly allocate 3/4 of their partnership's profits and losses to Samantha and 1/4 to Dolly. If the net income of the firm is $86,000, calculate the share of Dolly's net income. Answers:
$64,500
$21,500
$43,000
Cannot determine from information given
Homework Answers
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Dolly's share of net income = 86,000 * 1/4 = 21,500 Option B is the answer |
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