Ramer and Knox began a partnership by investing $ and $ respectively. The partners agreed to share net income and loss by giving annual salary allowances of $ to Ramer and $ to Knox, interest allowances on their investments, and any remaining balance shared equally.
Note: Enter all allowances as positive values. Enter losses as negative values.
Required:
Determine each partner's share given a firstyear net income of $
Determine each partner's share given a firstyear net loss of $
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Determine each partner's share given a firstyear net loss of $
tableAllocation of Partnership Income,Net Income lossRamer,Knox,TotalSalary allowances,,,
