How should the net income be divided, Accounting Basics

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How should the net income be divided

Problem

L. Elston and P. Ogle have partnership capital balances of $33,600 and $67,200, respectively. The partnership agreement indicates that net income or net loss should be shared equally. If net income for the partnership is $35,280, how should the net income be divided?

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Accounting Basics: How should the net income be divided

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Accounting Basics: How should the net income be divided

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