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Chapter 12 week 1 E12-16

Chapter 12 week 1 E12-16 - 20,000 60,000 Allocation 40,000...

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E12-16 Investment Net lost income Capital Fultz 40,000 -45,000 60,000x2/3 40,000 120,000 Hardie 80,000 -45,000 60,000x1/3 20,000 60,000 Net income 100,000 -60,000 shared 30,000 partner 60,000x2/3 40,000 60,000x1/3
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Unformatted text preview: 20,000 60,000 Allocation 40,000 30,000 split Fultz 30,000x.40 12,000 Hardie 30,000 x.60 18,000 Reminder 10,000 split evenly Fultz 10,000 x.5 5,000 Hardie 10,000 x.5 5,000...
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