Ask Question
10 September, 07:32

Determine the division of a $18,000 net loss for the current year, assuming remaining income or losses are shared equally by the two partners. use the minus sign to indicate any deductions or deficiencies.

+4
Answers (1)
  1. 10 September, 10:15
    0
    Total net loss is $18000. Remaining income or losses are shared equally by the two partners, thats why Net loss for each individual partner is - 9000$ for current year. Explanation - total loss/2 partners = net loss for each individual 18000/2 = 9000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Determine the division of a $18,000 net loss for the current year, assuming remaining income or losses are shared equally by the two ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers