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9 Fred and Barney started a partnership. Fred invented $15.500 in the business and Barney invested $24,000. The partnership agreement stipulated that profits would be

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9 Fred and Barney started a partnership. Fred invented $15.500 in the business and Barney invested $24,000. The partnership agreement stipulated that profits would be divided as follows. Each partner would receive a 10% return on invested capital with the remaining Income being distributed equally between the two partners, Assuming that the partnership earned $35.000 during an accounting period, the amount of income assigned to the two partners would be A B. C D. Fred $ 13,975 $ 15,500 $ 17,500 $ 17,025 Barney $ 13,125 $ 19,500 $ 17,500 $17.925 Multiple Choice Choice Choice Choices

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