During 2010,Carpenter Invested $75,000 and DiAngelo Invested $90,000 in a Partnership.They

question 48

Multiple Choice

During 2010,Carpenter invested $75,000 and DiAngelo invested $90,000 in a partnership.They agreed to share incomes and losses by allowing a $40,000 per year salary allowance to Carpenter and a $42,000 per year salary allowance to DiAngelo,plus an interest allowance on the partners' beginning-year capital investments at 8%,with the balance to be shared equally.Under this agreement,if the partnership earns net income of $300,000 during 2010 the income allocated to each partner is:

• A)$40,000 to Carpenter; $42,000 to DiAngelo
• B)$148,400 to Carpenter; $151,600 to DiAngelo
• C)$43,200 to Carpenter; $45,360 to DiAngelo
• D)$150,000 to Carpenter; $150,000 to DiAngelo
• E)$105,720 to Carpenter; $105,720 to DiAngelo

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Definitions:

Heterosexual Contact

Sexual interaction between individuals of the opposite sex.

Homosexual Contact

Interactions, including sexual relationships, between individuals of the same sex.

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The practice of using the same needles by multiple individuals, commonly associated with increased risk of transmitting infections like HIV and hepatitis.

Adolescent Pregnancy

Pregnancy in females who have not yet reached legal adulthood, which varies by country, typically involving females in their teenage years.