Curly and Moe invest $100,000 and $50,000 respectively in a partnership. They agree to a division of net income loss that provides for an allowance of interest at 10 on first of period investment yearly salary allowances of 12000 and 24000 respectively and the remainder to be divided equally If the partnership earns a net income of 45000 at the end of year 1 what is Curly's share of this amount

• $21,500 
• $22,000 
• $19,000 
• $10,000

Answer rating: 100% (QA)

C E Curly Total Interest allowance 100000 10 50000 x 10 1... View the full answer