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Ann Stolton and Susie Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary
Ann Stolton and Susie Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of $15000 and that Bright should receive a $20000 salary allowance any remaining income or loss is to be shared equally. Determine each partner shared of the current years net income 52000.
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