If net income for the partnership is $42,000, how should the net income be divided?


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If net income for the partnership is $42,000, how should the net income be divided? 1 answer below ยป M. Elston and R. Ogle have partnership capital balances of $40,000 and $80,000, respectively. The partnership agreement indicates that net income or net loss should be shared equally. If net income for the partnership is $42,000, how should the net income be divided? Jun 11 2014 04:12 PM

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