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Allison and Josh are partners in a business. Allison's capital is $60,000, and Josh's capital is $100,000. Profits for the year are $80,000. They agree
Allison and Josh are partners in a business. Allison's capital is $60,000, and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses as follows:
Allison's share of the profits before paying salaries and interest on capital is?
Allison's share of the profits before paying salaries and interest on capital is?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
13th edition
134472144, 978-0134472140
