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Determine the amount of net income

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Question - Entries for allocation of net income - Danny spurlock and Tracy Wilson decided to form a partner on July 1, 20-1. Spurlock invested 100,000 and Wilson invested 25,000. for the fiscal year ended June 30, 20-2, a net income 82,000 was earned. Determine the amount of net income that spurlock and wilson would receive under each of the following independent assumptions.

Reference no: EM133140438

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