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Cox, North, and Lee form a partnerstip. Cox contributes $ 1 7 7 , 0 0 0 , North contributes $ 1 4 7 ,
Cox, North, and Lee form a partnerstip. Cox contributes $ North contributes $ and Lee contributes $ Their partnership agreement cells for a interest allowance on the parther's capital balances with the remaining income or loss to be alocated equally. If the parsorship reports income of $ for its first year what amount of income is credted to Lee's capital account?
Multiple Choice
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