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A Partnership with Unlimited Possibilities: A Case of Allocation of Partnership Income and Common Costs

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Marc I. Lebow, Veronique Frucot & Jacob Angima

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Lebow, M., Frucot, V. & Angima, J., (2013). A partnership with unlimited possibilities: A case of allocation of partnership income and common costs. In SAGE Business Cases. 2019. 10.4135/9781526427007

Lebow, Marc I., Veronique Frucot and Jacob Angima. "A Partnership with Unlimited Possibilities: A Case of Allocation of Partnership Income and Common Costs." In SAGE Business Cases. SAGE Publications Ltd., 2019. 10.4135/9781526427007.

Lebow, M, Frucot, V & Angima, J 2013. A Partnership with Unlimited Possibilities: A Case of Allocation of Partnership Income and Common Costs, In SAGE Business Cases, SAGE Publications Ltd., viewed 12/6/2019, 10.4135/9781526427007.

Lebow, Marc I., et al. "A Partnership with Unlimited Possibilities: A Case of Allocation of Partnership Income and Common Costs." SAGE Business Cases. SAGE Publications Ltd., 2019. SAGE Knowledge. Web. 12/6/2019.

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    Most cases are written for upper- and graduate-level accounting classes, however, this case was written to be used in introductory accounting classes. It involves a recent college graduate who, while eating lunch, is asked by a potential client about the benefits of entering into a partnership. Three issues must be addressed: are the risks of entering the partnership worth the increase in income; is the partnership allocation formula fair to the potential partner; and should the common costs be allocated differently? Students need to use the accounting information provided and advise the client about making important business decisions. The student has to write a memo explaining the benefits and risks of joining the partnership. The facts of the case add a real-world element to this discussion.

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  • Author Bio

    Marc I. Lebow

    Hampton University

    School of Business

    Veronique Frucot

    Christopher Newport University

    Jacob Angima

    Hampton University

    School of Business

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