L. Embuscado, G. Renaldo, and C. Thomas agreed to share earn ings or losses according to the

Question:

L. Embuscado, G. Renaldo, and C. Thomas agreed to share earn¬

ings or losses according to the ratio of their investments at the beginning of the year ($30,000, $25,000, and $45,000, respectively). Calculate the partners’

shares under the following conditions:

a. $27,000 net income

b. $24,000 net loss

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Muhammad Salman Alvi

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