Multiple Choice
Seth and Rachel 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 investments at 15%; salary allowances of $24,000 and $20,000, respectively; and the remainder to be divided equally. How much of the net income of $90,000 is allocated to Seth?
A) $42,750
B) $47,750
C) $45,000
D) $43,250
Correct Answer:
Verified
Correct Answer:
Verified
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Q14: Match each statement to the appropriate term
Q15: Match each statement to the appropriate term
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