What of the following is NOT a typical term in the contract between GPs and LPs (LPA: limited partnership agreement)? Group of answer choices a. LPA is designed to align the interests of the GP with the limited partners (LPs) using a profit-sharing agreement        of private equity. b. At the exit, the LPs receive the capital that was invested in the company and the profits are split. c. The LPs typically receive 20 percent and the GPs 80 percent of the capital gain.

For Industry H, determine each partner's share of income assuming the partners agree to share income by giving a $67,700 per year salary allowance to Price, a $126,100 per year salary allowance to Waterhouse, a $113,700 per year salary allowance to Coopers, a 15% interest on their initial capital investments, and the remaining balance shared equally. (Enter all allowances as positive values. Enter losses as negative values.) Important! Be sure to click the correct Industry at the top of the dashboard. Net income (loss) Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Balance allocated equally Balance of income (loss) Shares of each partner Initial partnership investments Net income Allocation of Partnership Income Price Total net income Total 0 Waterhouse $ $ PRICE, WATERHOUSE, AND COOPERS Statement of Partners' Equity For Year Ended December 31 Price Coopers 0 0 Waterhouse 0 0 0 $ For Industry H, prepare a statement of partners' equity for the…

1 2 11 Instructions Labels and Amount Descriptions 3 4 Accounts receivable (net) 5 Inventories 6 Investments 7 Land 8 Equipment 9 Accumulated depreciation equipment 10 Total assets 6 Statement of Cash Flows 7 Cash 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, $4 par 16 Paid-in capital in excess of par-common stock 17 Retained earnings 18 Total liabilities and stockholders' equity 10 1 Sales 2 Cost of goods sold 3 Gross profit 4 Operating expenses: 5 Depreciation expense Liabilities and Stockholders' Equity income statement for the year ended December 31, 20Y3, is as follows: Assets 8 Operating income 9 Other income: Other operating expenses Total operating expenses Gain on sale of investments 11 Income before income tax 12 Income tax expense 13 Net income Dec. 31, 20Y3 $155,000.00 450,000.00 770,000.00 0.00 500,000.00 1,400,000.00 (600,000.00) $2,675,000.00 $340,000.00 45,000.00 30,000.00 700,000.00…

1. %3D 1. Problem 1: Ted. Ronald and Geno formed a partnership, whereby each of them contributed P30.000.00 They agreed that should the partnership realize profit, the same shall be distributed in the following proportions: Ted, as managing partner Ronald 40% 30% 30% Geno After a year of operation, the partnership's profit amounted to P100,000.00. How much will be the share of each partner? 37

Dividing partnership income Dahl and Westhoff have decided to form a partnership. They have agreed that Dahl is to invest $400,000 and that Westhoff is to invest $100,000. Dahl is to devote one-third time to the business, and Westhoff is to devote two-thirds time. The following plans for the division of income are being considered: a. Equal division b. In the ratio of original investments c. In the ratio of time devoted to the business d. Interest of 5% on original investments and the remainder equally e. Interest of 5% on original investments, salary allowances of $80,000 to Dahl and $160,000 to Westhoff, and the remainder equally f. Plan (e), except that Westhoff is also to be allowed a bonus of $50,000 if net income exceeds $200,000 Required: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $300,000 and (2) net income of $750,000. Round answers to the nearest whole dollar. (1) $300,000 (2) $750,000 (2) $750,000…