Question
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $116,000 and $174,000, respectively....

Dividing Partnership Income
Tyler Hawes and Piper Albright formed a partnership, investing $116,000 and $174,000, respectively.
Determine their participation in the year's net income of $280,000 under each of the following independent assumptions:
 No agreement concerning division of net income.
 Divided in the ratio of original capital investment.
 Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3.
 Salary allowances of $40,000 and $46,000, respectively, and the balance divided equally.
 Allowance of interest at the rate of 6% on original investments, salary allowances of $40,000 and $46,000, respectively, and the remainder divided equally.
Hawes Albright (a) $ $ (b) $ $ (c) $ $ (d) $ $ (e) $ $
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