Question: Comprehensive Problem 10-1 Emily Jackson (Social SECURITY number 765-12-4326) and James Stewart (Social SECURITY number 466-74-9932) are partners in a partnership that owns and operates

Comprehensive Problem 10-1 Emily Jackson (Social SECURITY number 765-12-4326) and James Stewart (Social SECURITY number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first year of operation is 2014. Emily and James divide income and expenses equally. The partnership name is J&S Barbers, it is located at 1023 Broadway, New York, NY 10004, and its Federal ID number is 95-6767676. The 2014 financial statements for the partnership are presented below. Emily lives at 456 E. 70th Street, New York, NY 10006, and
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