Using your answer from Exercise 4, how much more income is to be distributed to the partners

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Using your answer from Exercise 4, how much more income is to be distributed to the partners (assume each shares equally) after the salary and interest allowance? If net income was $12,000, how much would the partners share in the deficit?

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 10:38 AM

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Using your answer from Exercise 4, how much more income is to be distributed to the partners

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College Accounting A Practical Approach

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