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Question 7 3 points Save Answer Sara and Ayah invested $240,000 and $720,000 respectively in a partnership. The partners agreed to grant salary allowance of
Question 7 3 points Save Answer Sara and Ayah invested $240,000 and $720,000 respectively in a partnership. The partners agreed to grant salary allowance of $40,000 to Sara and $60,000 to Ayah; a 10% interest allowance on beginning capital balances and share any remaining income and loss equally. The partnership reported net income of $200,000 for the 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 14px 4 G
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