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 $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Yolanda?

a. $1,000

b. $3,000

c. $5,000

d. $0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417928

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