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James, Stan, and Tom form a partnership. James contributes $192,000, Stan contributes $160,000, and Tom contributes $288,000. Their partnership agreement calls for the income or
James, Stan, and Tom form a partnership. James contributes $192,000, Stan contributes $160,000, and Tom contributes $288,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $169,000 for its first year, what amount of income is credited to Tom's capital account? (Do not round your intermediate calculations.) Multiple Choice $42,250. $50,700. $76,050. $58,200. $56,333.
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