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Required Information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $82,000 and $123.000, respectively. During its

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Required Information [The following information applies to the questions displayed below.] Ramer and Knox began a partnership by investing $82,000 and $123.000, respectively. During its first year, the partnership earned $240,000. Prepare calculations showing how the $240.000 income is allocated under each separate plan for sharing income and loss. 1. The partners did not agree on a plan, and therefore share income equally. Ramer Knox

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