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Business, 06.05.2020 06:17 millie54

Christie and Jergens formed a partnership with capital contributions of $360,000 and $460,000, respectively. Their partnership agreement calls for Christie to receive a $66,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally.
Required:
a. If the net income for the current year is $153,000, then Christie and Jergens's respective shares are .
O $104,500; $48,500.
O $102,000; $46,000.
O $76,500; $76,500.
O $41,000; $112,000.
O $67,171; $85,829.

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Christie and Jergens formed a partnership with capital contributions of $360,000 and $460,000, respe...
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