Business, 21.01.2021 14:00 lexhorton2002
The capital accounts of Lorraine Grecco and Carrie Rosenfeld have balances of $64,000 and $99,000, respectively, on January 1, 20Y4, the beginning of the fiscal year. On March 10, Grecco invested an additional $11,000. During the year, Grecco and Rosenfeld withdrew $43,000 and $53,000, respectively, and net income for the year was $84,000. Revenues were $654,000, and expenses were $570,000. The articles of partnership make no reference to the division of net income.
Answers: 3
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Business, 22.06.2019 17:50
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The capital accounts of Lorraine Grecco and Carrie Rosenfeld have balances of $64,000 and $99,000, r...
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