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Harper, Cheves, and Calderon have capital investments of $20,000, $30,000, $50,000, respectively. The partners share profits and losses as follows a. The first $40,000
Harper, Cheves, and Calderon have capital investments of $20,000, $30,000, $50,000, respectively. The partners share profits and losses as follows a. The first $40,000 is divided based on the partner's capital investment. b. The next $40,000 is based on service, shared equally by Harper and Cheves c. The remainder is divided equally Compute each partners share of the $92,000 net income for the year Calculate each partner's share of the $92,000 net income for the year. (Round your answers to the nearest whole dollar.) Harper Cheves Calderon
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