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View Policies Current Attempt in Progress M. Elston and R. Ogle have partnership capital balances of $48,000 and $96,000, respectively. The partnership agreement indicates that

View Policies Current Attempt in Progress M. Elston and R. Ogle have partnership capital balances of $48,000 and $96,000, respectively. The partnership agreement indicates that net income or net loss should be shared equally. If net income for the partnership is $50,400, how should the net income be divided? The net income should be divided as $ to M.Elston and $ to R. Ogle. eTextbook and Media Q Seratch Attempts: 0 of 2 used

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