Partners Y & Z each had $75,000 of capital on December 31 . The partnership agreement calls for a profit and loss distribution of 10% on invested capital at the beginning of the year
Assuming a net income of $100,000 what would the distribution be for both partners? a. Undetermined
b. $7,500
c. $15,000
d. Y would receive $7500 and Z would receive $15,000
a
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