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4 Moving to another question will save the response Question 7 of 1 estion 7...

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Accounting

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4 Moving to another question will save the response Question 7 of 1 estion 7 3 points Ahmed and Sayed are partners in Ass Partnership. Ahmed invests $500,000 and Sayed invests $900,000. They agree to grant salary allowance of 580,000 to Armed and $120,000 to Sayed, a 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. As partnership reports net income of $300,000 for this year. Required: Allocate the net income between the partners PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT.FID (PC) or ALTEN F10 (Mach. BIS Paragraph Arial 10pt EE TXO a 5 x X, STT T 12 BE Wie B E P O WORDS POWERED BY TIN Moving to another question will save this response Question of MacBook Air

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