Andre, Beau, and Caroline share profits and losses of their partnership in a 4:2:7 ratio respectively. If

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Andre, Beau, and Caroline share profits and losses of their partnership in a 4:2:7 ratio respectively. If the net income is $1,200,000, calculate Caroline's share of the profits.

A. $646,154

B. $161,538

C. $92,308

D. $ 369,231

Related Book For answer-question

Survey of Accounting

ISBN: 978-1285183480

7th edition

Authors: Carl S. Warren

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Posted Date: Oct 04, 2018 04:06 AM

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Andre, Beau, and Caroline share profits and losses of their partnership in a 4:2:7 ratio respectively. If

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A 646154 C... View the full answer

Survey of Accounting

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