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Pharoah Company reported net income of $97,900. The partnership agreement provides for salaries of $21,500 to Miley and $19,400 to Guthrie. They divide the remainder
Pharoah Company reported net income of $97,900. The partnership agreement provides for salaries of $21,500 to Miley and $19,400 to Guthrie. They divide the remainder 37% to Miley and 63% to Guthrie Calculate division of net income Miley Guthrie Division of net income
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