Calculator Dividing Partnership Net Income Required: Steve Conyers and Chelsy Bowerformed a partners , dividing...
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Calculator Dividing Partnership Net Income Required: Steve Conyers and Chelsy Bowerformed a partners , dividing income as follows 1. Annual salary allowance to Boxer of $179,760. 2. Interest of 5% on each partner's capital balance on January 1 3. Any remaining net income divided to Conyers and Boxer, 112. Conyers and Bower had $72.000 and $87,000, respectively, in the January 1 c e s et income for the year was $321,000. How much is trued to Canyers and Boer? hare Note: Compute parte Conyers Boxer
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