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Partners a and b have a profit and loss agreement with the following provisions salaries of 20,000 and 25,000 and a anb respectively a bonus
Partners a and b have a profit and loss agreement with the following provisions salaries of 20,000 and 25,000 and a anb respectively a bonus of 10% net income after bonuses and interest 20% on the average capital balances of 40,000 and 50,000 for a and b respectively Any remainder spilt equally if the partnership had net income of 88,000 how much allocated to partner a partner a
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