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3 points Saving Armen Sara and Aya invested $ 120,000 and $ 360,000, respectively, in a partnership. The partners agreed to award a salary allowance
3 points Saving Armen Sara and Aya invested $ 120,000 and $ 360,000, respectively, in a partnership. The partners agreed to award a salary allowance of $ 20,000 to Sarah and $ 30,000 to share any residual income or loss equally. The partnership recorded a net income of $ 100,000 for the year. Required: Allocation of net income between partners Please show the account for each partner in a separate line on the toolbar, press ALT + F10 (PC) or ALT + FN + F10 (Mac). Aya Allocated Interest at 10% on Initial Capital Balances and to BIY S Para Arial 14px I.
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