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Ben and Timmy agree to share income and losses based on their beginning capital investments. Assume partnership income for the year is $90,000, and

 

Ben and Timmy agree to share income and losses based on their beginning capital investments. Assume partnership income for the year is $90,000, and Ben and Timmy's beginning-of-year capital balances are $20,000 and $30,000. Ben's Capital $ Timmy's $

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