Stuart had a $100,000 capital balance for eight months and a $130,000 balance for four months. Cathy

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Stuart had a $100,000 capital balance for eight months and a $130,000 balance for four months. Cathy had a $76,000 capital balance for Fve months and a $100,000 balance for seven months. If the net income of the year is $160,000, and income is distributed based on average capital balances, show the distribution of income to each partner.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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