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Multiple Choice Question 87 The net income of the Travis and Tucker partnership is $124400. The partnership agreement specifies that profits and losses will be
Multiple Choice Question 87 The net income of the Travis and Tucker partnership is $124400. The partnership agreement specifies that profits and losses will be shared equally after salary allowances of $99500 (Travis) and $150900 (Tucker) have been allocated. At the beginning of the year, Travis's Capital account had a balance of $250600 and Tucker's Capital account had a balance of $324900. What is the balance of Tucker's Capital account at the end of the year after profits and losses have been distributed? $324900 O $48950 O $387900 O $412800
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