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ArthurPlack,a partnerintheBritePartnership,hasa30%participationinpartnershipprofitsand. losses. Plack's capitalaccounthada netdecreaseof$60,000duringthecalendaryear201. During 2011, Plack withdrew $130,000 (charged against his capitalaccount)andcontributed property valued at $25,000 to the partnership. What wasthe netincomeoftheBritePartnershi
ArthurPlack,a partnerintheBritePartnership,hasa30%participationinpartnershipprofitsand. losses. Plack's capitalaccounthada netdecreaseof$60,000duringthecalendaryear201. During 2011, Plack withdrew $130,000 (charged against his capitalaccount)andcontributed property valued at $25,000 to the partnership. What wasthe netincomeoftheBritePartnershi 2011? $150,000 O a. $233,333 O b. O c. $350,000 O d. $550,000
ArthurPlack,a partnerintheBritePartnership,hasa30%participationinpartnershipprofitsand. losses. Plack's capitalaccounthada netdecreaseof$60,000duringthecalendaryear201. During 2011, Plack withdrew $130,000 (charged against his capitalaccount)andcontributed property valued at $25,000 to the partnership. What wasthe netincomeoftheBritePartnershi
2011?
$150,000 O a.
$233,333 O b.
O c. $350,000
O d. $550,000
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