About this document
Partnership Income Allocation Plans by M Bilal Saleem is a document available to read on EtoBox.
Maria Selk and David Green are forming a partnership. They have discussed four alternative plans for sharing income and losses: (1) in proportion to initial capital contributions, (2) in proportion to time devoted, (3) salaries plus remaining income by capital contributions, (4) salaries plus interest plus remaining income shared equally. The partnership expects a net loss of $72,000 in year 1, net income of $152,000 in year 2, and $376,000 in net income in year 3.
- Author
- M Bilal Saleem
- Language
- EN