What amount of income is credited to smiths capital account


Smith, West, and Krug form a partnership. Smith contributes $207,000, West contributes $172,500, and Krug contributes $310,500. 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 $184,000 for its first year, what amount of income is credited to Smith's capital account?

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Accounting Basics: What amount of income is credited to smiths capital account
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