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Multiple-choice Assume that Rand Yare partner sharing profits in a 60:40 ratio respectively. Data relevant to the partnership's equity account for 2018 are Partnership net
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Assume that Rand Yare partner sharing profits in a 60:40 ratio respectively. Data relevant to the partnership's equity account for 2018 are Partnership net income 2018 34,500 R Capital January 1, 2018 40,000 Radditional investment 2018 50,00 R drawing 2018 6.000 Y capital January 1, 2018 35,000 Y drawing 2011 9,000 withdrawal 2018 3,000 For the Year ended December 31, 2018, Y capital is 39.000 .ao 59.700.bo 36,800.CO 23.000.do Step by Step Solution
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