asked 119k views
3 votes
Farmer and Taylor formed a partnership with capital contributions of $255,000 and $305,000, respectively. Their partnership agreement calls for Farmer to receive a $81,000 per year salary allowance. The remaining income or loss is to be divided equally. If the net income for the current year is $201,000, then Farmer and Taylor's respective shares of income are:

asked
User Toufik
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7.8k points

1 Answer

2 votes
Bob is a young nice man.
answered
User Tariq Khan
by
8.2k points
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