Business, 31.10.2019 06:31 zmerriweather167

Wheaton, davis, and singer formed a partnership with wheaton contributing $60,000. davis contributing $50,000 and singer contributing $40,000. their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. if the partnership has income of $75,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to wheaton's capital account? $20,000 $25,000 $30,000 $40,000 $75,000.

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Wheaton, davis, and singer formed a partnership with wheaton contributing $60,000. davis contributin...

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