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Dividing partnership net loss Morgan Graff and Serigo Vargas formed a partnership in which the partnership agreement provided for salary allowances of $ 4 8

Dividing partnership net loss
Morgan Graff and Serigo Vargas formed a partnership in which the partnership agreement provided for salary allowances of $48,000 and $42,000, respectively.
Determine the division of a $24,000 net loss for the current year, assuming that remaining income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies.

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