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Andre, Beau, and Caroline share profits and losses of their partnership in a 3:3:7 ratio respectively. If the net income is $
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Answer #1

The Answer is B) $ 484,615

Calculation:

Caroline share = Net Income* Share Ratio = $ 900,000 * 7 / 13 = $ 484,615.38 [$ 484,615 Approx.]

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