dani2997
dani2997
10.08.2021 • 
Business

Cox, North, and Lee form a partnership. Cox contributes $198,000, North contributes $165,000, and Lee contributes $297,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $181,000 for its first year, what amount of income is credited to Cox's capital account

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