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What amount of income be credited to mariel capital account

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Question - Mona, Hank and Mariel formed a partnership with Mona contributing $70,000, Hank contributing $50,000 and Mariel contributing $60,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $90,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Mariel's capital account?

Reference no: EM132087698

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