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The question it references EX 12-4 Dividing partnership income Obj. 2 Using each of the five assumptions as to income division listed in Exercise 12-

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EX 12-4 Dividing partnership income Obj. 2 Using each of the five assumptions as to income division listed in Exercise 12- 3, determine the income participation of Hawes and Albright if the year's net Show income is $104,000. How Answer Check Figure: Hawes, $46,500

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