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    jedik Posts: 8, Reputation: 1
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    Dec 1, 2012, 07:58 PM
    Accounting : partnership and corporation
    Investments
    A - 100
    B - 200
    C - 100
    Drawings
    A - 25000
    B - 40000
    C - 30000

    Sales - 550000
    Cost of Sales - 250000
    Gross Profit - 300000
    OPex - 100000
    Net Income - 200000
    Other Comprehensive Income: Revaluation of land - 150000
    Total Compre. Income : 350000

    Allocation Table:
    Salaries to partner
    A - 60000
    B - 40000
    C - 40000
    TOTAL - 140000
    Residual Profit 1:2:1
    A - 15000
    B - 30000
    C - 15000
    TOTAL - 60000

    Total of A - 75000
    Total of B - 70000
    Total of C - 55000

    All in All - 200000

    How is the salary distributed? What is the computation?

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