John, David and Cathy formed a partnership. Their partnership is called JDC Partnership Pty Ltd. The invested

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John, David and Cathy formed a partnership. Their partnership is called JDC Partnership Pty Ltd. The invested as follows:

John: $66,500

David: $95,000

Cathy: $10,000

During the first year of the reporting period (1 July 2012 - 30 June 2013), their company made $70,000 profit.

How each partner will receive if

Divide the profit equally
Divide the profit in proportionate to their investment

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Sep 17, 2023 12:33 AM

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John, David and Cathy formed a partnership. Their partnership is called JDC Partnership Pty Ltd. The invested

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Lets calculate how each partner will receive the profit under the two scenarios 1 Dividing ... View the full answer

Smith and Roberson Business Law

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