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majestico majestico
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Posts: 1455
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7 years ago
Kate and Joe formed a partnership in 2013. Joe invested $80,000 and Kate invested $50,000. The partnership had $100,000 in income during 2015. There is no agreement as to how income is divided. Kate and Joe's share is:
A) Kate gets $50,000 and Joe gets $50,000.
B) Kate gets $50,000 and Joe gets $100,000.
C) Kate gets $100,000 and Joe gets $50,000.
D) some other division.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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