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kam Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows:
kam Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows: red 3.00 Cantor Dickens on As salaries $40,000 $48.000 As interest on capital at the beginning of the year Remaining profits or losses 10% 10% 50%50% If income for the year was $120,000, what will be the distribution of income to Cantor? Select one: A. $56.000 B. $64.000 C. $40,000 D. $52.000
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