Question
Current Attempt in Progress The net income of the William and Browning partnership is $451000. The partnership agreement specifies that William and Browning have a
Current Attempt in Progress The net income of the William and Browning partnership is $451000. The partnership agreement specifies that William and Browning have a salary allowance of $118000 and $176000, respectively. The partnership agreement also specifies an interest allowance of 10% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $293000. Any remaining net income or net loss is shared equally. What is the balance of Browning's Capital account at the end of the year after net income has been divided? $480300 O $498300 O $547500 $529500
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