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on 25 et ered ed out of ag estion Christie and Jergens formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership
on 25 et ered ed out of ag estion Christie and Jergens formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership agreement calls for Christie to receive a $60,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $135,000, then Christie and Jergens's respective shares are: O a. $90,000: $40.000. O b. $92,500; $42,500. O c. $57,857: $77,143. O d. $67,500: $67,500
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