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Dallas and Weiss formed a partnership to manage rental properties, by investing $171,000 and $209.000, respectively. During its first year, the partnership recorded profit of
Dallas and Weiss formed a partnership to manage rental properties, by investing $171,000 and $209.000, respectively. During its first year, the partnership recorded profit of $486,000 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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