Lola Stroud invests ($30,000.00) in a partnership. Her partner, Juan Santo, invests ($50,000.00). Miss Stroud has 10

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Lola Stroud invests \($30,000.00\) in a partnership. Her partner, Juan Santo, invests \($50,000.00\). Miss Stroud has 10 years' experience in a similar business; Mr. Santo has no experience. Miss Stroud is to spend about 20 hours a week working for the partnership. Mr. Santo is to work full-time. Which method of distributing partnership earnings would you suggest for this partnership? Explain your answer.

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Accounting Advanced

ISBN: 9780538447553

9th Edition

Authors: Claudia Bienias Gilbertson

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