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Debra and Glen are partners who agree that Debra will receive a $118,000 salary allowance after which remaining profits or losses be shared equally in
Debra and Glen are partners who agree that Debra will receive a $118,000 salary allowance after which remaining profits or losses be shared equally in their flower shop. If Glen's capital account is credited $26,000 as his share of the profit (loss) in a given period, how much profit (loss) did the partnership earn? (Leave no cell blank. Enter "o" when the answer is zero.) Share to Dobrin Share to Glen Total 05 Total salaries allocation Balance of profit to be allocated Balance allocated equally Balance of profit Shares of each partner
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