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Dividing Partnership Net Loss Lynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $58,000 and 541,000,

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Dividing Partnership Net Loss Lynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $58,000 and 541,000, respectively Determine the division of a $33,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Uue the most indicate an deductions or deficiencies. Lynn Carpenter Matthew Fredrick Total Salary Allowance 58,000 41,000 99,000 Remainder 66,000 x 66,000 x 132,000 X Net Loss 124,000 x 107,000 x 33,000 X Feedback Check Apply salary allowances first. Then, distribute the remainder (income or loss) among the partners according to the partnership agrement Previous Check My Work 3 more Check My Work uses remaining Sugerir TIJO E o

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