Provisions regarding the division of net income

Assignment Help Financial Accounting

Reference no: EM13863504

Xavier and Yolonda have original investments of $47,465 and $90,407 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 $25,730 and $31,997 respectively, and the remainder equally. How much of the net income of $115,732 is allocated to Xavier?

$52,585

$25,730

$57,866

$47,465

Reference no: EM13863504

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