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Business, 01.04.2020 19:21 ferny5106

Arrow and Inlet share income and losses equally after allowing for salaries to Arrow of $27,000 and $33,000 to Inlet. Net income for the partnership is $75,000. If income should be divided $34,500 to Arrow and $40,500 to Inlet, the journal entry will include a

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Arrow and Inlet share income and losses equally after allowing for salaries to Arrow of $27,000 and...

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