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Queiion S Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as
Queiion S Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows As salaries As interest on capital at the beginning of the year Remaining profits or losses Cantor $40,000 10% 50% Dickens $48,000 10% 50% If net loss for the year was $8,000, what will be the distribution to Dickens? O $48,000 income O $4,000 loss O $8,000 loss 0 $4,000 income Click if you would like to Show Work for this question: Qnan Show WsEk LINK fO TEXT
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