Randy and Annie are equal partners in a general partnership. Their partnership agreement calls for...
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Accounting
Randy and Annie are equal partners in a general partnership. Their partnership agreement calls for a $20,000 guaranteed payment to Annie, with profits and losses divided equally. For the current year, the partnership reports the following: Income from clients $60,000 Office Expenses 25,000 Depreciation 10,000 Employee Wages 15,000 What amount of income does Annie report from the partnership for the year?
answer is 15,000 I just don't know how to get it
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