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Student Center Homework and Tests Chido... Paraphrasing Tool Quillot Al My Home CengageNOWV2 On eBook Show Me How Calculator Dividing Partnership Income Tyler Hawes and

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Student Center Homework and Tests Chido... Paraphrasing Tool Quillot Al My Home CengageNOWV2 On eBook Show Me How Calculator Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $108,000 and $162,000, respectively, Determine their participation in the year's net income of $300,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $38,000 and $46,000, respectively, and the balance divided equally, e. Allowance of interest at the rate of 5% on original Investments, salary allowances of $38,000 and $16,000, respectively, and the remainder divided equally Hawes Albright (a) 150,000 150,000 V (b) $225,000 X 75,000 X (c) 5,400 X 3,100 X (d) 38,000 X $ 46,000 X (e) 5,400 X 8,100 X

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