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Final Examination Question 2 of 29 Current assets $39,000 Equipment 101,000 Accounts payable $21,000 Long-term debt $8,000 Mark, capital Mark, drawings 284,000 Donald, capital Donald,

Final Examination Question 2 of 29 Current assets $39,000 Equipment 101,000 Accounts payable $21,000 Long-term debt $8,000 Mark, capital Mark, drawings 284,000 Donald, capital Donald, drawings 259,000 Service revenue Operating expenses 82,000 $765,000 $765,000 The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows: A salary allowance of $331,000 to Mark and $271,000 to Donald. The remainder is to be divided equally. -4C Stanny

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