16. Abbott and Costello are partners. Abbott draws a salary of $90,000 per year and...
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16. Abbott and Costello are partners. Abbott draws a salary of $90,000 per year and Costello draws a salary of $150,000 per year. Each partners Drawing account however shows they have withdrawn $50,000 and $60,000 respectively. What is the total amount of salary they would show on their income distribution? a. $240,000 b. $350,000 c. $110,000 d. None of the above
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