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Kramer and Knox began a partnership by investing $53,000 and $53,000, respectively. During its first year, the partnership earned $195,000. Prepare calculations showing how the
Kramer and Knox began a partnership by investing $53,000 and $53,000, respectively. During its first year, the partnership earned $195,000. Prepare calculations showing how the $195,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss:
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Hotel Operations Simulation And Auditing Manual
Authors: Gail E. Sammons, Cihan Cobanoglu
1st Edition
0131704613, 978-0131704619
