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Please help me with accounting homework Required Informetlon Use the following information for the Exercises below. The following Information appliles to the questions displayed below.]
Please help me with accounting homework
Required Informetlon Use the following information for the Exercises below. The following Information appliles to the questions displayed below.] Ramer and Knox began a partnership by Investing $56,000 and $84,000, respectively. Exercise 12-5 Part 2 Income allocation in a partnership LO P2 2. The partners agreed to share Income and loss In proportion to thelr Initial Investments. Net Income Is $175,000. (Do not round Intermedlete calculatlons.) Answer is complete but not entirely correct. Total Income Allocated Ramer's Share of Income Fraction to Allocate Ramer Fraction to Allocate Knox Knox's Share of Income S75.000 / $125.000 s 35.000 52.500 $ 87.500Step by Step Solution
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