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Required: a. Prepare a schedule that discloses the distribution of partnership net income for 205. b. Prepare the statement of partners' capital at December 31,
Required: a. Prepare a schedule that discloses the distribution of partnership net income for 205. b. Prepare the statement of partners' capital at December 31, 205. c. How would your answer to part a change if all of the provisions of the income distribution plan were the same except that the salaries were $30,000 to Apple and $35,000 to Jack
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