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Partners T. Greer and R. Parks are provided salary allowances of $30,000 and $25,000, respectively....

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Accounting

Partners T. Greer and R. Parks are provided salary allowances of $30,000 and $25,000, respectively. They divide the remainder of the partnership income in a ratio of 3:2. If partnership net income is $40,000, how much is allocated to Greer and Parks?

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