Pharoah Company reported net income of $89,300. The partnership agreement provides for salaries of $24,700...

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Accounting

Pharoah Company reported net income of $89,300. The partnership agreement provides for salaries of $24,700 to Miley and $18,400 to Guthrie. They divide the remainder 37% to Miley and 63% to Guthrie. (a1) Calculate division of net income. Division of net income $ Miley $ Guthrie
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