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Fred and Barney Started a Partnership

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Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be:
Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be: Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be: Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be: Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be: Fred and Barney started a partnership.Fred invested $20,000 in the business and Barney invested $32,000.The partnership agreement stipulated that profits would be divided as follows: Each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners.Assuming that the partnership earned $38,000 during an accounting period,the amount of income assigned to the two partners would be:

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