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What will be the distribution to barr

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Reference no: EM132971042

Problem - Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively. They agree to share pro?ts and losses as follows:

 

Acer

Barr

As salaries

$20,000

$24,000

As interest on capital at the beginning of the year

10%

10%

Remaining pro?ts or losses

50%

50%

Required - If net loss for the year was $4,000, what will be the distribution to Barr?

Reference no: EM132971042

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