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Business, 02.10.2019 15:20 monai2005

The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000. what is the closing entry to allocate the net income if no agreement was made for division of income?

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The net income earned by the cooper, cross, and crane partnership is $18,000. their respective avera...
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