Assume that MargaretMargaret purchases a 1313% partnership interest from DaronDaron on June 30 so that MargaretMargaret and DaronDaron each own 2525% from that date through the end of the year. What are MargaretMargaret and DaronDaron's distributive shares for the current year

Margaret's distributive share = 18.5%

Daron's distributive share = 31.5%

Explanation:

Each partner's distributive share of profits, losses, deductions, etc., is based on the partner's interest on the partnership throughout the year.

During the first half of the year:

During the first half of the year:

Margaret's distributive share = (12% x 0.5) + (25% x 0.5) = 6% + 12.5% = 18.5%

Daron's distributive share = (38% x 0.5) + (25% x 0.5) = 19% + 12.5% = 31.5%

almost done 23 out of 25

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