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Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has a capital balance of $45,000 and devotes half time
Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has a capital balance of $45,000 and devotes half time to the partnership. If no other information is available regarding distributions, how should net income be divided?
a. | 33% to Jefferson and 67% to Washington | |
b. | 59% to Jefferson and 41% to Washington | |
c. | 41% to Jefferson and 59% to Washington | |
d. | 50% to Jefferson and 50% to Washington |
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