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Dividing Partnership Net Loss Lynn Carpenter and Matthew Fredrick formed a partnership in which...

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Accounting

Dividing Partnership Net Loss
Lynn Carpenter and Matthew Fredrick formed a partnership in which the partnership agreement provided for salary allowances of $43,000 and $38,000, respectively.
Determine the division of a $22,000 net loss for the current year, assuming that remaining income or losses are shared equall by the two partners. Use the minus sign to indicate any deductions or deficiencies.
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