Calculate pieter share of partnership net income


Question: Pieter & Hans conduct business as partners operating a swimming school. Their partnership agreement specifies that all profits and losses are to be distributed equally after partners salaries. During the 2023 income, the business calculated the following results: Accounting profit (after partner salaries) $290,000 Salary paid to Pieter $70,000 Salary paid to Hans $40,000 Calculate Pieter's share of partnership net income for the 2023 income year. Question Select one: $215,000 $200,000$270,000 $235,000

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Accounting Basics: Calculate pieter share of partnership net income
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