Question: PULL SCREEN PRT Question 9 Partners Cantor and Dickens have capital balances in a partnership of $162000 and $238000, respectively. They agree to share profits

 PULL SCREEN PRT Question 9 Partners Cantor and Dickens have capital
balances in a partnership of $162000 and $238000, respectively. They agree to

PULL SCREEN PRT Question 9 Partners Cantor and Dickens have capital balances in a partnership of $162000 and $238000, respectively. They agree to share profits and losses as follows: Cantos Dickens $40BDO $47400 10% 10% As salaries As interest on capital at the beginning of the year Remaining profits or losses 50% 50% It income for the year was $197000, what will be the allocation of income to Dickens? $105600 $40000 $80000 $91400 linnud un to Show Work for this question Open Shw. Work ES BACK RENT Question 11 Able, Baker, and Carter have partnership capital account balances of $601000 each. Income and losses are shared equaly. Carter agrees to sell three-fourths of his ownership interest to Able for $529000 and one fourth to Baker for $189000. Able and Baker will use personal assets to purchase Carter's interest. The partnership's entry to record Carter's withdrawal from the partnership would be Carter, Capital 601000 Able, Capital 450750 Baker, Capital 150250 537750 Able, Capital Baker, Capital Carter, Capital 129250 717000 Carter, Capital 717000 Cash 717000 717000 Carter, Capital Able, Capital Baker, Capital 350750 125250

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