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Business, 18.12.2019 17:31 kingbob101

The partnership agreement of brandon, steve, and dillon calls for the division of profits and losses as follows: first, brandon and steve are to receive salaries of $100,000 and $80,000, respectively. next, interest of 15% is to be allowed on each partner’s average capital investment. any remaining profit or loss is shared in a ratio of 4: 3: 3, respectively. average capital investments for the current year were brandon $100,000 steve 200,000 dillon 200,000 if partnership income is $300,000, dillon’s share of partnership profits should be:

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