Remaining Time: 1 hour, 49 minutes, 35 seconds. Question Completion Status: QUESTION 7 2 points A partnership is a business owned by two or more persons. owned by one person owned by a governmental agency organized as a separate legal entity under state corporation law. QUESTION 8 2 points Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240.000, respectively They agree to share profits and losses as follows. As salaries As interest on capital at the beginning of the year Remaining profits or losses Cantor $40,000 109 5096 Dickens $45,000 10. 50 If income for the year was $200,000, what will be the distribution of income to Dickens? $80.000 592.000 $40.000 $108.000 Chek Suve and Submit to save and submit. Click Save All Answers to see all ansier