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Business, 20.06.2020 20:57 dondre54

Cox, North, and Lee form a partnership. Cox contributes $177,000, North contributes $147,500, and Lee contributes $265,500. Their partnership agreement calls for a 6% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $176,400 for its first year, what amount of income is credited to Lee's capital account

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Cox, North, and Lee form a partnership. Cox contributes $177,000, North contributes $147,500, and Le...
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