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please Pete and Doug have been partners for many years, sharing profits equally. On 1 January 2019 Dave joins the partnership and it is agreed

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Pete and Doug have been partners for many years, sharing profits equally. On 1 January 2019 Dave joins the partnership and it is agreed to share profits 40:40:20. For the year ended 30 June 2019 profits are 100,000. Doug's share of these profits is: O 42,500 45,000 47,500 50,000

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