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23 :A partnership has the following accounting amounts Sales = $71,000 Cost of Goods Sold = $39,000 Operating Expenses - $10,000 Salary allocations to partners

23 :A partnership has the following accounting amounts Sales = $71,000 Cost of Goods Sold = $39,000 Operating Expenses - $10,000 Salary allocations to partners - $13,000 Partners' withdrawals - $8,000 Partnership net income (loss) is 11

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