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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $120,000 and $100,000, respectively Determine their participation in the year's net income of

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $120,000 and $100,000, respectively Determine their participation in the year's net income of $107.000 under each of the following independent assumption: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:2. d. Salary allowances of $36,000 and $47,000, respectively, and the balance divided equally. e. Allowance of interest at the rate of son original Investments, salary allowances of $36,000 and 547,000, respectively, and the remainder divided equally Hawes Albright (a) (b) (c) (d) (e)

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