Calculate the current year the partnership net income


Franco and Elisa share income equally. During the current year the partnership net income was $40,000. Franco made withdrawals of $12,000 and Elisa made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Franco capital, $40,000; Elisa capital, $58,000. Franco's capital account balance at the end of the year is?

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Accounting Basics: Calculate the current year the partnership net income
Reference No:- TGS0691600

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