Xavier and Yolanda Have Original Investments of $50,000 and $100,000

question 1

Multiple Choice

Xavier and Yolanda have original investments of $50,000 and $100,000, 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 $27,000 and $18,000, respectively; and the remaining income equally. How much of the net loss of $6,000 is allocated to Yolanda?

• A) $1,000
• B) $3,000
• C) $5,000
• D) $0

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