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.
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
