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How much of the net loss is allocated to x

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Problem 1: X and Y 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 remainder equally. How much of the net loss of $10,000 is allocated to X?

A. P10,000

B. P3,000

C. P5,000

D. P7,000

Problem 2: The articles of partnership for A B Partnership provide for a salary allowance of $5,000 per month for partner B, with the balance of net income to be divided equally. If B made an additional investment of $10,000 during the year and withdrew $4,000 per month, and net income for the year was $90,000, by what amount did B's capital increase during the year?

A. $85,000

B. $10,000

C. $37,000

D. $60,000

Reference no: EM132756439

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