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PFW Co. reports net income of $71,000. Partner salary allowances are Pitts $12,910, Filbert $6000,and Witten $3,020. Indicate the division of net income to each
PFW Co. reports net income of $71,000. Partner salary allowances are Pitts $12,910, Filbert $6000,and Witten $3,020. Indicate the division of net income to each partner, assuming the income ratio is 50: 30: 30, respectively
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