The partnership agreement of Nellie Stayton and Jerald Williams does not indicate how the profits...
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Accounting
The partnership agreement of Nellie Stayton and Jerald Williams does not indicate how the profits and losses will be shared. Before dividing the net income, Stayton's capital account balance was $ and Williams's capital balance was $ The net income of their firm for the year that just ended was $ Required: How much income will be allocated to Stayton and how much to Williams? 
The partnership agreement of Nellie Stayton and Jerald Williams does not indicate how the profits and losses will be shared. Before
dividing the net income, Stayton's capital account balance was $ and Williams's capital balance was $ The net income
of their firm for the year that just ended was $
Required:
How much income will be allocated to Stayton and how much to Williams?
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