Business, 15.07.2020 03:01 eelebron0905

Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $117,150. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $75,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $213,000. How much is distributed to Queen and Stevens?\

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Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allow...

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