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

## Question

###### Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing \$116,000 and \$174,000, respectively....
1. 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:

1. No agreement concerning division of net income.
2. Divided in the ratio of original capital investment.
3. Interest at the rate of 6% allowed on original investments and the remainder divided in the ratio of 2:3.
4. Salary allowances of \$40,000 and \$46,000, respectively, and the balance divided equally.
5. 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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