The annual net income of the Todd Bros. partnership is distributed so that Ken receives $15,000 more

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The annual net income of the Todd Bros. partnership is distributed so that Ken receives $15,000 more than 80% of Hugh’s share. How should a net income of $98,430 be divided between the partners?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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The annual net income of the Todd Bros. partnership is distributed so that Ken receives $15,000 more than 80% of Hughs share. How should a net income of $98,430 be divided between the partners?
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The annual net income of the Todd Bros. partnership is distributed so that Ken receives $15,000 more

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Given Kens share 080Hughs share 15000 Total distri...View the full answer

Business Mathematics In Canada

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