Xavier and yolanda have original investments of 50000 and, Ask an Expert

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Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91904064

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