Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 5.00

deductions for salaries

Distribution of Income or Losses: salaries and Interest

e5A. Assume that the partnership agreement of Shah and Ruben in E4A states that Shah and Ruben are to receive salaries of $40,000 and $48,000, respectively; that Shah is to receive 6 percent interest on his capital balance at the beginning of the year; and that the

 

 

 

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remainder of income and losses are to be shared equally. Calculate the distribution of the income or losses under the following conditions:

1.    Income totaled $240,000 before deductions for salaries and interest.

2.    Income totaled $96,000 before deductions for salaries and interest.

3.    There was a loss of $4,000.

4.    There was a loss of $80,000.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 10:08 PM My Price 5.00

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