Question: Problem I. Prepare a schedule to split the profit/loss to partners A, B, C, D (15 pts) ABCD partnership Capital amts. are $100,000/200,000/$300,000/$400,000 respectively. ABCD

Problem I. Prepare a schedule to split the profit/loss to partners A, B, C, D (15 pts) ABCD partnership Capital amts. are $100,000/200,000/$300,000/$400,000 respectively. ABCD partnership agreement states that profits/losses are to be split based on the following: Salaries of $5,000 / $10,000 / $50,000 / $35,000 respectively, Interest on partnership capital of 6%. Remainder to be split based on a ratio 1:2:3:4. Assume a Partnership NET PROFIT of $20,000

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