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Compute the partnership net income for the year

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Question - The partnership of X and Y shares profits and losses in the ratio of 60% to X and 40% to Y. For the year 2003, partnership net income was double X's withdrawers. Assume X's beginning capital balance was $80,000, and ending capital balance (after closing) was $140,000. Partnership net income for the year was?

Reference no: EM131812087

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