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I NEED IT ASAP PLS PROFIT ALLOCATED TO THE PARTNERS 2. Prepare the closing entry that distributes the profit among the partners' capital accounts.(3meks) 3.

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I NEED IT ASAP PLS

PROFIT ALLOCATED TO THE PARTNERS 2. Prepare the closing entry that distributes the profit among the partners' capital accounts.(3meks) 3. Assuming there was no formal partnership agreement made when the business began, how would the profits be allocated? (2 marks) PART B Corporations (30 marks)

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