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Calculate the division of net income to each other partner

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Reference no: EM133179142

Question - Brung & Rohls Co. reports net income of $50,000 for the current year. The income ratios are A. Brung 60% and P. Rohls 40%.

Required -

(a) Calculate the division of net income to each other partner.

(b) Prepare the entry to distribute the net income.

Reference no: EM133179142

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