Solution-How the income is allocated under each separate

How the income is allocated under each separate plan

Reference no: EM132478719

Question - Ramer and Knox began a partnership by investing $78,000 and $117,000, respectively.

During its first year, the partnership earned $230,000. Prepare calculations showing how the $230,000 income is allocated under each separate plan for sharing income and loss.

Reference no: EM132478719

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How the income is allocated under each separate plan

Reference no: EM132478719

Reference no: EM132478719

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