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Required information The following information applies to the questions displayed below] Ramer and Knox began a partnership by investing $72.000 and $108,000, 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 $72.000 and $108,000, respectively During its first year, the partnership earned $215,000 Prepare calculations showing how the $215.000 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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