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A partner has the following activity during the year: 1-1 Capital account = $50,000 6-1 Partner Draws $10,000 10-1 Partner Draws $10,000 If the interest
A partner has the following activity during the year: 1-1 Capital account = $50,000 6-1 Partner Draws $10,000 10-1 Partner Draws $10,000 If the interest paid is 10% of the weighted average capital, this partners interest allocated for the year would be: Select one: a, $3,967 b. $4,067 c. $4,167 d. None of the above
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