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Required information Use the following information for the Exercises below The following information applies to the questions displayed below. Ramer and Knox began a partnership
Required information Use the following information for the Exercises below The following information applies to the questions displayed below. Ramer and Knox began a partnership by investing $76,000 and $114,000, respectively. Exercise 12-5 Part 2 Income allocation in a partnership LO P2 2. The partners agreed to share income and loss in proportion to their initial investments. Net income is $225,000. (Do not round intermediate calculations.) Fraction to Allocate Ramer's Share Fraction to Allocate Knox's Share of Total Income Allocated Ramer of Income Knox Income
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