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2. Ali & Tyson Co. reports net income of $50,000. The income ratios are Ali 60% and Tyson 40%. Instructions Indicate the division of net

2. Ali \& Tyson Co. reports net income of $50,000. The income ratios are Ali 60% and Tyson 40%. Instructions Indicate the division of net income to each partner and prepare the entry to distribute the net income

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