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Calculate the net income (loss) allocation to each partner under each of the following independent situations. 1. Net income for the year is $99,700. 2.
Calculate the net income (loss) allocation to each partner under each of the following independent situations. 1. Net income for the year is $99,700. 2. Net income for the year is $38,200. 3. Net loss for the year is $14,600. (Enter loss amounts using either a negative sign preceding the number e.g. 2,945 or parentheses e.g. (2,945)
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