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Business, 01.03.2021 05:30 mpzpowell7506

Bench, a partner in the ABC partnership, has a 30% participation in partnership profits and losses. Bench's capital account had a net decrease of 120,000 diring calendar year 2019. During 2019, Bench withdrew 260,000 charged against his capital account and contributed property valued at 50,000 to the partnership. What was the profit of ABC partnership?

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