Pug Bern Co. reports net income of $70,000. The income ratios are Pug 60% and Bern 40%.

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Pug Bern Co. reports net income of $70,000. The income ratios are Pug 60% and Bern 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: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 28, 2011 05:16 AM

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Pug Bern Co. reports net income of $70,000. The income ratios are Pug 60% and Bern 40%.

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The division is Pug 42000 70...View the full answer

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