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Dallas and Weiss formed a partnership to manage rental properties, by investing $ 1 4 4 , 0 0 0 and $ 2 1 6

Dallas and Weiss formed a partnership to manage rental properties, by investing $144,000 and $216,000, respectively. During its first year, the partnership recorded profit of $469,000. Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing profit and losses: a. The partners failed to agree on a method of sharing profit.

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