The AB Partnership's capital balances are as follows: Partner A $175,000 Partner B $125,000. The allocate any

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The AB Partnership's capital balances are as follows:

Partner A $175,000

Partner B $125,000.

The allocate any net income as follows:

Salaries Partner A $60,000 and Partner B $40,000, interest of their capital balances is 10% and they share ,all gains and losses equally.

Prepare a schedule to allocate their current net income of $175,000.

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Vector Mechanics for Engineers Statics and Dynamics

ISBN: 978-0073212227

8th Edition

Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell

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Posted Date: Feb 08, 2022 01:40 AM

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The AB Partnership's capital balances are as follows: Partner A $175,000 Partner B $125,000. The allocate any

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Schedule allocation of current net income Pa... View the full answer

Vector Mechanics for Engineers Statics and Dynamics

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