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Sheridan Company reported net income of $86,100. The partnership agreement provides for salaries of $21,500 to Miley and $17,900 to Guthrie. They divide the remainder
Sheridan Company reported net income of $86,100. The partnership agreement provides for salaries of $21,500 to Miley and $17,900 to Guthrie. They divide the remainder 38% to Miley and 62% to Guthrie. (a1) Calculate division of net income. Miley Guthrie Division of net income $ $
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