q1 Ne Question 1 3 points Save Answer Ahmed and Sayed are partners in...
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Ne Question 1 3 points Save Answer Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $250,000 and Sayed invests $450,000. They agree to grant salary allowance of $40,000 to Ahmed and $60,000 to Sayed; an 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net income of $190,000 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+F10 (PC) or ALT+FN+F10 (Mac). BI V S Paragraph Arial 10pt TO A Q Ix % V 7 V 5 !!!
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