q1

Question 1 Ne 3 points Save Answer Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $250.000 and Sayed invests $450,000. They agree to grant salary allowance of $40,000 to Ahmed and $60,000 to Sayed; an 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net income of $190,000 for this year. Required: Allocate the net income between the partners. PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac Bly & Paragraph Arial 2 EA 2 o I of 6 a topt