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Business, 19.12.2019 21:31 kaffolter25

Partner a has a capital balance of $20,000 and devotes full time to the partnership. partner b has a capital balance of $30,000 and devotes half time to the partnership. if no other information is available regarding distributions, in what ratio is net income to be divided?

1. 3: 5
2. 1: 1
3. 2: 3
4. 1: 2

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