Ali and Yousef established AY partnership on January 1, 2020. Each one invested 20000. On March 1, All invest 2000, on June 1 Yousef invests 4000. On September 1, Ali withdraws 1000. On November 1, Yousef withdraws 3000. Net income 100000. Suppose that the partners share net income or loss equally. 

Calculate the ending capital balance of Ali?
 

Answer rating: 100% (QA)

To calculate the ending capital balance of Ali we need to track the investments withdrawals and shar... View the full answer