The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix, the managing partner, receives a salary allowance of $107200, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Alix $593000, Gise $1270000, and Bosco $1790000. If partnership net income is $544000, the amount allocated to Alix should be

$159100.

$182650.

$196150.

$88950.

Answer rating: 100% (QA)

Answer Option a 159100 Ca... View the full answer