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Deaa, Eyaad, and Hassan formed a partnership. When applicable, the articles of co-partnership state that salaries are to be paid first, interest on partners' capital
Deaa, Eyaad, and Hassan formed a partnership. When applicable, the articles of co-partnership state that salaries are to be paid first, interest on partners' capital second, with the remainder to be divided equally. The cases below are independent, justify your answers by giving a reasonable argument (show your working). Net Income for the year was $700.000. The partnership agreement provides for salaries of $120,000 for Dead and $110,000 for Eyaad, with no interest paid on capital balances. Partner Eyaad's share of net income is $
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