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Question: dividing partnership income tyler hawes and piper albright formed a...

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Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $266,400 and $177,600, respectively. Determine their participation in the year's net income of $264,000 under each of the following independent assumptions: No agreement concerning division of net income. Divided in the ratio of original capital investment. Interest at the rate of 10% allowed on original investments and the remainder divided in the ratio of 2:3. Salary allowances of $71,000 and $97,000, respectively, and the balance divided equally. Allowance of interest at the rate of 10% on original investments, salary allowances of $71,000 and $97,000, respectively, and the remainder divided equally. Hawes Albright (a) $ $ (b) $ $ (c) $ $ (d) $ $ (e) $ $ Check My Work5

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