=+The partnership agreement includes the following provisions regarding the division of net income: interest of 10% on

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=+The partnership agreement includes the following provisions regarding the division of net income: interest of 10% on original investments, salary allowances of $36,000

(Schmidt) and $22,000 (Cohen), and the remainder equally.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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