Question

Debra and Glen are partners who agree that Debra will receive a $100,000 salary allowance after which remaining incomes or losses will be shared equally. If Glen’s capital account is credited $8,000 as his share of the net income (loss) in a given period, how much net income (loss) did the partnership earn?



$1.99
Sales0
Views95
Comments0
  • CreatedJanuary 08, 2015
  • Files Included
Post your question
5000