Amber and Charlie enter into a partnership with Amber contributing $30,000 and Charlie contributing $168,000 as their

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Amber and Charlie enter into a partnership with Amber contributing $30,000 and Charlie contributing $168,000 as their capital contributions. They decide to share profits and losses in the ratio of their respective capital account balances. The net income for the current year is $42,000. What is the amount of net income to be allocated to Amber? (Do not round any intermediate calculations. Round the final answer to the nearest dollar.) O $6,364 O $0 O $21,000 $30,000

Posted Date: May 18, 2024 10:10 AM

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Amber and Charlie enter into a partnership with Amber contributing $30,000 and Charlie contributing $168,000 as their

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