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Journalize the division of net income using fixed income ratios 2. Held Bond Co. reports net income of $70,000. The income ratios are Held 60%
Journalize the division of net income using fixed income ratios 2. Held Bond Co. reports net income of $70,000. The income ratios are Held 60% and Bond 40%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income
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