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Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3...

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Question

Accounting

Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3 to Roger. If the net income of the firm is

$32,000,

calculate Roger's share of net income. (Do not round any intermediate calculations.)

A.

$32,000

B.

$21,333

C.

$26,667

D.

Answer & Explanation Solved by verified expert
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