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q1 Lp. Question 1 of 13 > >> uestion 1 3 points Save Answer Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $250,000

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Lp. Question 1 of 13 > >> uestion 1 3 points Save Answer Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $250,000 and Sayed invests $450,000. They agree to grant salary allowance of $40,000 to Ahmed and $60,000 to Sayed an 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net income of $190,000 for this year. Required: Allocate the net income between the partners. PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT=F10 (PC) or ALT-FN-F10 (Mac). BI U S Paragraph Arial A v IX 6 7 8 Ix of a 10pt 9

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