Business
Business, 15.07.2020 02:01, codysaucier2823

The articles of partnership for Pal-Trotter Partnership provide for a salary allowance of $5,000 per month for partner Trotter, with the balance of net income to be divided equally. If Trotter made an additional investment of $10,000 during the year and withdrew $4,000 per month, and net income for the year was $80,000, by what amount did Trotter's capital increase during the year?

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The articles of partnership for Pal-Trotter Partnership provide for a salary allowance of $5,000 per...

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