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joja [24]
3 years ago
11

Sadie and sam share income equally. for the current year, the partnership net income is $40,000. sadie made withdrawals of $14,0

00, and sam made withdrawals of $15,000. at the beginning of the year, the capital account balances were sadie, capital, $42,000; sam capital, $58,000. sam's capital account balance at the end of the year is
Business
1 answer:
stira [4]3 years ago
6 0
First calculate sam's share income
40000/2=20000

sam's capital account balance at the end of the year is
sam capital - withdrawals + share income
58,000−15,000+20,000
=63,000

So the answer is 63000

Hope it helps!
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