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Required information [The following Information applies to the questions displayed below.] Ramer and Knox began a partnership by Investing $62,000 and $93,000, respectively. During
Required information [The following Information applies to the questions displayed below.] Ramer and Knox began a partnership by Investing $62,000 and $93,000, respectively. During its first year, the partnership earned $190,000. Prepare calculations showing how the $190,000 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
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