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M. Elston and R. Ogle have partnership capital balances of $32,800 and $65,600, respectively. The partnership agreement indicates that net income or net loss should
M. Elston and R. Ogle have partnership capital balances of $32,800 and $65,600, respectively. The partnership agreement indicates that net income or net loss should be shared equally. If net income for the partnership is $34,440, how should the net income be divided?
The net income should be divided as $ ___________________ to M. Elston and $____________ to R. Ogle. |
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