Stolton and Bright are partners in a business they started two years ago. The partnership agreement states
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Question:
Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of $ and that Bright should receive a $ salary allowance. Any remaining income or loss is to be shared equally.
Determine each partners share of the current years net income of $
Note: Enter all allowances as positive values. Enter losses, if any, as negative values.
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