Daria and farrah began a partnership by investing 58000 and, Ask an Expert

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Daria and Farrah began a partnership by investing $58,000 and $78,000, respectively. During its first year, the partnership earned $155,000. Prepare calculations showing how the $155,000 income should be allocated to the partners under each of the following three separate plans for sharing income and loss.

Question is:The partners agreed to share income and loss in proportion to their initial investments. (Ratio of initial investment should not be rounded. Round your answers to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974933

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