Answer:
C) 19000 (3000) 34000
Explanation:
income: 50,000
salaries (80,000) (sum of partner salaries)
interest <u> (10,000) </u> (total capital 100,000 x 10% interest )
net loss (40,000)
<u>Partner A</u>
50,000 + 30,000 salary + 5,000 interest - 16,000 loss share(40%) = 69,000
It woulld be allocate: 69,000 - 50,000 = 19,000
<u>Partner B</u>
30,000 + 10,000 salary + 3,000 interest - 16,000 loss share(40%) = 27,000
27,000 - 30,000 = -3,000
<u>Partner C</u>
20,000 + 40,000 salary + 2,000 interest - 8,000 loss share(20%) = 54,000
54,000 - 20,000 = 34,000
