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In 2015, the partners of CC and DD Partnership shared net income and losses equally, but in 2016 the income-sharing ratio was changed to 60% for CC and 40% for DD. On December 31,2016, employees' salaries payable in the amount of $5,400 and short-term prepayments had not been recognized in the accounting records.
REQUIRED:
Problem a. Net corrections to partner's capital account for CC
Problem b. Net corrections to partner's capital account for DD
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