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Z Manufacturing Company is a partnership among Yolando Gonzales, Willie Todd, and Linda Walker. The...

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Accounting

Z Manufacturing Company is a partnership among Yolando Gonzales, Willie Todd, and Linda Walker. The partnership contract states that partnership profits will be split equally among the three partners. During the current year Gonzales withdrew $25,000, Todd withdrew $23,000, and Walker withdrew $35,000. Net income of E-Z Manufacturing Company amounted to $180,000. a. Calculate each partner's share of net income for the period. b. What would be the effects, if any, that partnership operations would

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