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O d. $95,000 Time left 0:46:40 3 The partners in the CAP partnership agreed on the following income (loss) distribution: out of Partner C Partner
O d. $95,000 Time left 0:46:40 3 The partners in the CAP partnership agreed on the following income (loss) distribution: out of Partner C Partner A Partner P Salary Allowance $ 25,000 $ 15,000 $ 40,000 Interest on average 10% 12% 8% capital Remainder 30% 40% 30% Average capital balances $ 60,000 $ 40,000 $30,000 Assume the current year af loss was $ 20,000 what amount should be allocated to Partner C? O a. $0 b. $ (25,480) c. $ (2.960) d. $ 8,440 Next page iz navigation
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