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Exercise 12-6 Income allocation In a partnershlp LO P2 The partners agreed to share net income and loss by granting annual salary allowances of $50.000

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Exercise 12-6 Income allocation In a partnershlp LO P2 The partners agreed to share net income and loss by granting annual salary allowances of $50.000 to Ramer and $40.000 to Knox and any remaining balance shared equaly. (Enter all allowences os positive vqlues. rt

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