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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. 2. The

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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. 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $240.000. (Do not round Intermediate calculations.) Fraction to Allocate Ramer Ramer's Share Fraction to Allocate Knox's Share of Total Income of Income Knox Income Allocated S 0

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