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11. Bryant, Milton, and Pine formed a partnership and agreed to share profits in a 3:1:2 ratio after recognition of 5% interest on average capital

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11. Bryant, Milton, and Pine formed a partnership and agreed to share profits in a 3:1:2 ratio after recognition of 5% interest on average capital balances and monthly salary allowances of $3,750 to Milton and $3,000 to Pine. Average capital balances were as follows: Bryant Milton300,000 Pine 240,000 180,000 Required: Compute the net income (loss) allocated to each partner assuming the partnership incurred a $27,000 net loss

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