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ABC Company has three partners whose capital balances at the beginning of the year are: Anna $200,000: Barbara $60,000; Clint $140,000. Partners agree to divide

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ABC Company has three partners whose capital balances at the beginning of the year are: Anna $200,000: Barbara $60,000; Clint $140,000. Partners agree to divide income and loss as follows: a. Salary allowance of $40,000 to Anna, $30,000 to Barbara, and $20,000 to Clint: b. Interest allowance of 10% on beginning-of-year capital balances; and c. Any remaining balance to be divided equally. Partnership net income is $160,000. The amount of partnership net income to be allocated to each partner is: Multiple Choice O Anna $63.333, Barbara $53,333; int $43,334 o Anna $80,000; Barbara 524,000; Clint $56,000 o o 0 Anna $70,000, Barbara $46000, Clint $44,000 0 Anna $53,333, Barbara $53,333, Clint $53,334 o o O Anna $60.000, Barbara 346.000 Cin $54,000

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