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Blake and Matthew are partners who agree that Blake will receive 100,000 salary allowance and that any remaining income or loss will be shared equality.
Blake and Matthew are partners who agree that Blake will receive 100,000 salary allowance and that any remaining income or loss will be shared equality. If Matthews capital account is credited for 2,000 as his share of the net income in a given period, how much net income did the partnership earn in that period
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Financial Accounting
Authors: Belverd E. Needles
5th Edition
0395698022, 978-0395698020
