23. cleary, wasser, and nolan formed a partnership on january 1, 2012, with investments of $100,000, $150,000, and $200,000, respectively. for division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual compensation of $10,000 to wasser, and (3) sharing the remainder of the income or loss in a ratio of 20% for cleary, and 40% each for wasser and nolan. net income was $150,000 in 2012 and $180,000 in 2013. each partner withdrew $1,000 for personal use every month during 2012 and 2013.
what was wasser's total share of net income for 2012?
a. $63,000.
b. $53,000.
c. $58,000.
d. $29,000.
e. $51,000.

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Which term refers to the cost that motivates an economic decision

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.