Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee...
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Accounting
Cox, North, and Lee form a partnership. Cox contributes $204,000, North contributes $170,000, and Lee contributes $306,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $183,000 for its first year, what amount of income is credited to Cox's capital account?
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