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At the end of its first year of operations on December 31, 2022. Pharoah Company's accounts show the following The capital balance represents each partner's

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At the end of its first year of operations on December 31, 2022. Pharoah Company's accounts show the following The capital balance represents each partner's initial capital imestment. Therefore, net income or net loss for 2022 has not been close to the partners' capital accounts. (b) eTextbook and Medla

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