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Anastasia and Georgina are in partnership sharing profits and losses in the ratio 3 : 2 . Georgina is entitled to a salary of $
Anastasia and Georgina are in partnership sharing profits and losses in the ratio :
Georgina is entitled to a salary of $ and interest on capital is paid at a rate of per
annum. The partners' capital balances are:
Anastasia $
Georgina $
The partnership statement of profit or loss for the year shows a profit of $
Required:
Calculate how much of the total profit is Anastasia is entitled to
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