ynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $35,000 and $31,000, respectively. Determine the division of a $18,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies.   Lynn Carpenter   Matthew Fredrick   Total Salary Allowance $fill in the blank 1   $fill in the blank 2   $fill in the blank 3 Remainder $fill in the blank 4   $fill in the blank 5   $fill in the blank 6 Net Loss $fill in the blank 7   $fill in the blank 8   $fill in the blank 9

The Calvin-Dogwood Partnership plans to form a new partnership with Alexis. The existing partnership owns inventory that was purchased for $67,900, has a current replacement cost of $56,700, and is priced to sell for $91,400. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted? a. $56,700 b. $91,400 c. $67,900 O d. $34,700

Dividing partnership net loss Morgan Graff and Serigo Vargas formed a partnership in which the partnership agreement provided for salary allowances of $36,000 and $32,000, respectively. Determine the division of a $18,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies. Morgan Graff Serigo Vargas Salary Allowance Remainder Net Loss Foodbook 3600 X $ -54,000 X $ -9,000 X 40,000 X $ -54,000 X -14,000 X $ $ Total 85,000 X -108,000 X X 23,000

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Domestic

Dividing Partnership Net Loss Lynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $51,000 and $45,000, respectively. Determine the division of a $26,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies.   Lynn Carpenter   Matthew Fredrick   Total Salary Allowance $fill in the blank 1   $fill in the blank 2   $fill in the blank 3 Remainder $fill in the blank 4   $fill in the blank 5   $fill in the blank 6 Net Loss $fill in the blank 7   $fill in the blank 8   $fill in the blank 9

Dividing Partnership Net IncomeSteve Queen and Chelsy Bernard formed a partnership, dividing income as follows:Annual salary allowance to Queen of $112, 560. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Bernard, 1:2. Queen and Bernard had $51,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $201,000. How much net income should be distributed to Queen and Bernard?

Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, investing $100,000 and $150,000, respectively. Determine their participation in the year's net income of $290,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $34,000 and $49,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of 6% on original investments, salary allowances of $34,000 and $49,000, respectively, and the remainder divided equally.

Subject- account

Ending Partner balances Burns and Allan have formed a partnership and invested $20.000 and $40,000, respectively. They have agreed to share profits as follows: 1) Burns is to receive a "salary" of $20.000 and Allan is to receive a "salary" of $30,000. 2) $30.000 is to be allocated according to their original capital contributions to the partnership. 3) The remainder is to be allocated 2:3 respectively Assuming that the business had a loss of $15000, allocate the loss to Burns and Allan.