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Nancy and Betty enter into a partnership agreement whereby they undertake to share profits according to the following nu (a) Nancy and Betty will
Nancy and Betty enter into a partnership agreement whereby they undertake to share profits according to the following nu (a) Nancy and Betty will receive salaries $14.500 and $22.500 respectively as the first allocation h) The next allocation is based 30% of each partner's capital balances ic) Any remaining profit or loss to be allocated completely to Bety The partnership's net loss for the first year is $30.000 Nancy's capital balance is $101,000 and Betty's capital balance is $10.000 at the end of the year Calculate the share of profs toss to be allocated to Nancy OA $30,300) OB. $(74.800) OC. $44,800 OD. $14,500 CHO Time Remaining: 00:59:24
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