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Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rues. a) Nancy and Betty will receive

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Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rues. a) Nancy and Betty will receive salaries of $1,500 and $11,500 respectively as the first allocation (b) The next allocation is based on 30% of each partners capital balances. (c) Any remaining profit or loss is to be allocated completely to Betty The partnership's net income for the first year is $50,000. Nancy's capital balance is $84,000 and B etty's capital balance is $8,00 at the end of the yeat Calculate the share of profitlioss to be allocated to OA. $26,700 O B. $24,300 O C. $8,280 O D. $23,300

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