Rod Dall Co. reports net income of $75,000. The income ratios are Rod 60% and Dall 40%.

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Rod Dall Co. reports net income of $75,000. The income ratios are Rod 60% and Dall 40%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 02:16 AM

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Rod Dall Co. reports net income of $75,000. The income ratios are Rod 60% and Dall 40%.

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