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Emerson and Dakota formed a partnership dividing income as follows:
Annual salary allowance to Emerson of $43,500
Interest of 8% on each partner's capital balance on January 1
Any remaining net income divided equally.
Emerson and Dakota had $31,600 and $143,100, respectively in their January 1 capital balances. Net income for the year was $216,700.
How much net income should be distributed to Emerson?
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Ratio analysis and analysis from ratios and Financial Statements Analysis
mr. rosen is the manager of a division of jokkmok industries. he is one of several managers being considered for the
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A disbursement by the general fund to another fund may be recorded as a receivable, an expenditure, or a fund transfer. Elucidate the circumstances that would result in each of these different treatments.
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