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How much of the net income will be distributed

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Question - Partnership net income of $240,000 is to be divided between two partners, Reese Row and Andrew Young, according to the following arrangement: There will be salary allowances of $60,000 for Row and $130,000 for Young, with the remainder divided 60:40. How much of the net income will be distributed to Row and Young, respectively?

Reference no: EM133176372

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