Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
upton upton
wrote...
Go to Answer
Posts: 942
Rep: 0 0
6 years ago
Allison and Josh are partners in a business. Allison's capital is $60,000 and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses as follows:

   Allison   Josh
Salaries   $20,000    $40,000
Interest on capital   10%   10%
Remaining profits and losses   3/5   2/5

Josh's share of the profit is:
A) $44,000.
B) $32,000.
C) ($8,000).
D) None of the above
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
Read 91 times
1 Reply
Replies
Answer verified by a subject expert
OmpaOmpa
wrote...
#1
Top Poster
Posts: 772
Rep: 18 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

upton Author
wrote...

6 years ago
Smart ... Thanks!
dedricgard
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
deathDoUsPart
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  974 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 79
  
 372
  
 124