During the current year, Marsha Engles withdrew $4,000 monthly from the partnership of Engles and...
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Accounting
During the current year, Marsha Engles withdrew $4,000 monthly from the partnership of Engles and Cox Water Management Consultants. Is it possible that her share of partnership net income for the current year might be more or less than the $48,000 ($4,000 x 12 months) she withdrew in cash? Explain.
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