Business, 09.10.2019 06:00, brandon2222269

"the partners agreed to share net income and loss by granting annual salary allowances of $50,000 to ramer and $40,000 to knox, 10% interest allowances on their investments, and any remaining balance shared equally. (enter all allowances as positive values. enter losses as negative values.) required: 2a. determine the partners' shares of ramer and knox given a first-year net income of $98,800. 2b. determine the partners' shares of ramer and knox given a first-year net loss of $16,800."

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"the partners agreed to share net income and loss by granting annual salary allowances of $50,000 to...