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eBook Show Me How Calculator Print Item Dividing Partnership...

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Accounting

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eBook Show Me How Calculator Print Item Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, Investing $368,000 and $184,000, respectively. Determine their participation in the year's net income of $246,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 18% allowed on original investments and the remainder divided in the ratio of 23. d. Salary allowances of $88,000 and $122,000, respectively, and the balance divided equally e. Allowance of interest at the rate of 18% on original investments, salary allowances of $88,000 and $122,000, respectively, and the remainder divided equally Hawes Albright (c) $ (e) s

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