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Farmer and Taylor formed a partnership with capitalcontributions of $205,000 and $255,000, respectively. Theirpartnership agreement calls for Farmer to receive a $71,000 peryear salary allowance.

Farmer and Taylor formed a partnership with capitalcontributions of $205,000 and $255,000, respectively. Theirpartnership agreement calls for Farmer to receive a $71,000 peryear salary allowance. T 2 answers

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