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Jeannie and Jessica form a partnership to operate a cupcake store. Jeannie has contributed 50% of the partnership capital, but only does about 10% of
Jeannie and Jessica form a partnership to operate a cupcake store. Jeannie has contributed 50% of the partnership capital, but only does about 10% of the work. Jeannie and Jessica have entered into a partnership agreement that bases the distribution of profits on the actual work completed by each of the partners. If the partnership earns a profit of $100.000 after its first year, how much of the profit can Jeannie legally claim? $50000 575.000 $60.000 $10,000
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