10. The worksheet for Frame Brothers for an annual fiscal below. A. Using the worksheet...
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Accounting
10. The worksheet for Frame Brothers for an annual fiscal below. A. Using the worksheet and the additional information below, prepare the statement of distribution of net income. B. Prepare the statement of partners' capital. C. Prepare the balance sheet. D. Prepare the closing entries. Additional Information - S. Frame receives a salary of $20000, G. Frame neceives a salary of $16000. - S. Frame ind G. Frame divide the remainder of net income in the rat io of 2:1, respectively
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