Allocation of Income/Loss | Partnership Accounting (Pt 2 of 5) | Advanced Accounting | CPA Exam FAR скачать в хорошем качестве

Allocation of Income/Loss | Partnership Accounting (Pt 2 of 5) | Advanced Accounting | CPA Exam FAR

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀https://farhatlectures.com/ Connect with me on LinkedIn: ✔  / professorfarhat   💥Facebook: @accountinglectures ⬆Instagram Account: @farhatlectures Twitter: @farhatlectures Email: Mansour.farhat@gmail.com #CPAEXAM#ACCOUNTINGSTUDENT#ADVANCEDACCOUNTING Common agreements to allocate partnership net income or loss include using (1) fixed ratios, (2) a ratio based on the partners’ capital balances, (3) an implicit interest rate based on the partners’ capital accounts (such as 10% of the year-end capital balance), and (4) various amounts that represent salaries or bonuses. In addition, the agreement must specify how any excess or deficit after an original allocation is divided among the partners. My website: https://farhatlectures.com/ Facebook page:   / accountinglectures   LinkedIn: https://goo.gl/Pp2ter Twitter:   / farhatlectures   Email Contact: Mansour.farhat@gmail.com