Pfw co reports net income of 45000 partner salary


PFW Co. reports net income of $45,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $5,000. Indicate the division of net income to each partner, assuming the income ratio is 50:30:20, respectively.

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Financial Accounting: Pfw co reports net income of 45000 partner salary
Reference No:- TGS01654435

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