Ask Question
16 June, 22:01

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.

+2
Answers (1)
  1. 17 June, 01:32
    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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers