Katherine, alliah, and paulina form a partnership. katherine contributes $150,000. alliah contributes $150,000, and paulina contributes $100,000. their partnership agreement calls for the income or loss division to be based on the ratio of capital investment. if the partnership reports income of $90,000 for its first year of operations, what amount of income is credited to katherine's capital account?
The computation of the amount of income which is credited to Katherine's capital account is shown below:
= (Katherine contribution ÷ total contribution) × partnership income
= ($150,000 ÷ $400,000) × $90,000
The total contribution equals to
= Katherine contribution + Alliah contribution + Paulina contribution
= $150,000 + $150,000 + $100,000
explanation: i am going to tell you a lie dont know i just wanted to answer lol
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