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Net income is $18,320. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $13,639 salary allowance. The remainder is
Net income is $18,320. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $13,639 salary allowance. The remainder is shared equally. Partner Drawings Capital Drawings Capital Art Niensted $23,480 $48,330 Greg Bolen 13,620 33,310 Krista Sayle 10,760 26,970
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Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
