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5 Not yet answered Marked out of 1.00 Partners Gary and Elaine have agreed to share profits and losses in an 80:20 ratio respectively, after

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5 Not yet answered Marked out of 1.00 Partners Gary and Elaine have agreed to share profits and losses in an 80:20 ratio respectively, after Gary is allowed a salary allowance of $30,000 and Elaine is allowed a salary allowance of $15,000. If the partnership had net income of $30,000 for 2017, Elaine's share of the income would be a $18,000 .b $12,000 . $15,000 .d $3,000

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