Question
A partnership showed th following balances: sales, 70 000; cost of sales. 40 000; operating expenses, 10 000; partners' salaries, 13 000; interest paid to
A partnership showed th following balances: sales, 70 000; cost of sales. 40 000; operating expenses, 10 000; partners' salaries, 13 000; interest paid to banks, 2 000 and partners' drawings, 8 000. The partnership profit is?
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Managerial Accounting
Authors: Brenda Mallouk
2nd Edition
017640709X, 978-0176407094
