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Question
Carrie and Callie form a partnership in which Carrie contributes $85,000 in assets and agrees to devote half time to the partnership. Callie contributes $50,000 in assets and agrees to devote full time to the partnership. If no additional information is available, how will Carrie and Callie share in the division of income?
a. 63% to Carrie and 37% to Callie
b. 33% to Carrie and 67% to Callie
c. 50% to Carrie and 50% to Callie
d. 67% to Carrie and 33% to Callie
Answer
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