Total amount of zell contribute to the business
Jell and dell were partners with capital balances of $600 and $ 800 and an income sharing ration 2:3. They admitted Zell to a 30% interest in the partnership, and the total amount of Zell contribute to the business.
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In its income statement for the year ended December 31, 2003, how much should Wynn report as income from this investment?
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