Sam and Al have decided to form Its a dog’s life, a partner ship. Both agreed Sa

Sam and Al have decided to form Its a dog’s life, a partner ship. Both agreed Sam wld invest 16,00 and Al 24,000. Sam devotes full time to the business and Al half time. a equal divisionb ratio of original investmentsc ratio of time devoted to the businessd 10% interest on original investments and remainder ratio of 3:2e10% original investment, salary allowances of 30,000 to Sam and 15,000 to Al, remainder equallyf plan e except Sam is allowed a bonus equal to 20% of the amount by which Net Income exceeds alary allowance

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