Question: Current Attempt in Progress Partners Matthew and Dickens have capital balances in a partnership of $150000 and $238000, respectively. They agree to share profits
Current Attempt in Progress Partners Matthew and Dickens have capital balances in a partnership of $150000 and $238000, respectively. They agree to share profits and losses as follows: Matthew Dickens As salaries $40500 $48500 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses 50% 50% If income for the year was $199000, what will be the allocation of income to Dickens? O $77600 O $38800 O $91100 O $107900 eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer
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