Question
PharoahCompany reported net income of $89,300. The partnership agreement provides for salaries of $24,700to Miley and $18,400to Guthrie. They divide the remainder37% to Miley and63%
PharoahCompany reported net income of $89,300. The partnership agreement provides for salaries of $24,700to Miley and $18,400to Guthrie. They divide the remainder37% to Miley and63% to Guthrie.
Calculate division of net income.
Miley Guthrie
Division of net income $ $
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Management and Cost Accounting
Authors: Colin Drury
10th edition
1473748873, 9781473748910 , 1473748917, 978-1473748873
