Question
Coburn (beginning capital, $64,000) and Webb (beginning capital $95,000) are partners. During 2022, the partnership earned net income of $66,000, and Coburn made drawings of
Coburn (beginning capital, $64,000) and Webb (beginning capital $95,000) are partners. During 2022, the partnership earned net income of $66,000, and Coburn made drawings of $16,000 while Webb made drawings of $23,000.
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Accounting Information For Business Decisions
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley
1st Edition
0030224292, 978-0030224294
