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A Moving to another question will save this response. Question 1 of 1 Question 1 17 points Save A The partnership of Amar and Hussain
A Moving to another question will save this response. Question 1 of 1 Question 1 17 points Save A The partnership of Amar and Hussain has the following terms and book information for the year 2019: Amar Hussain Capital account balance 75,600 49,230 Salary allowance $ 45,550 $ 23,100 Profit-sharing 50% 50% Drawings 12,900 3,150 This year, the business has not been doing well compared to last year. Net income generated from the business operation is reported at $69,830 only. Instruction: a. Calculate the amount received by each partner upon distribution of net income. b.Prepare the Partners' Capital Statement for the partnership for the year ended 2019. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S Paragraph Arial V V V 10pt : E A V IX me Q 460 ABC : - X X & X2 SET IT + V - T X B E ;) 6. EX 2 LS MacBook Pro
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