Emmett and Sierra formed a partnership dividing income as follows: Annual salary allowance...
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Accounting
Emmett and Sierra formed a partnership dividing income as follows: Annual salary allowance to Emmett of $ Interest of on each partner's capital balance on January Any remaining net income divided equally. Emmett and Sierra had $ and $ respectively in their January capital balances. Net income for the year was $ How much net income should be distributed to Emmett?
Emmett and Sierra formed a partnership dividing income as follows:
Annual salary allowance to Emmett of $
Interest of on each partner's capital balance on January
Any remaining net income divided equally.
Emmett and Sierra had $ and $ respectively in their January capital balances. Net income for the year was $
How much net income should be distributed to Emmett?
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