Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $62,400Davis contributing $52,000 Singer contributing...
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Accounting
Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $62,400Davis contributing $52,000 Singer contributing $41,600. Their partnership agreement calls for the income (loss) division to be based on the rati capital investments. If the partnership had income of $81,000 for its first year of operation, what amount of income would be credited to Singer's capital account?
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