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What is each partner share of profit for the year

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Reference no: EM132876222

Question - Accounting for Partnerships

George, Sam and Frank share profits in the ratio 2:1:2. Profit for the year ended June 30 2020 is $252,000.

What is each partner's share of profit for the year?

Record a journal entry to allocate the profit to each partner.

Reference no: EM132876222

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