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Partners Don and Ron have agreed to share profits and losses in an 80 20 ratio respectively, after Don is allowed a salary allowance of

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Partners Don and Ron have agreed to share profits and losses in an 80 20 ratio respectively, after Don is allowed a salary allowance of $60,000 and Ron is allowed a salary allowance of $30,000. If the partnership had net income ot $60.000 for 2012, Ron's share of the income would be a. $30,000. b. $24,000. c. $36,000 d. $6,000 alDDrAICPA FN Measurement, AICPA PC

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