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undefined The net income of the Crowe and Browning partnership is $457000 The partnership agreement specifies that Crowe and Browning have a salary allowance of
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The net income of the Crowe and Browning partnership is $457000 The partnership agreement specifies that Crowe and Browning have a salary allowance of $110000 and $173000, respectively. The partnership agreement also specifies an interest allowance of 8% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $299000. Any remaining net income or net loss is shared equally. What is the balance of Browning's Capital account at the end of the year after net income has been divided? O $544000 O $559000 O $495920 O $480920 Save for Later Attempts: 0 of 1 used SubmitStep by Step Solution
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