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QUESTION 40 1 points Felix and Oscar operate the F&O partnership. At the beginning of the year, the capital balances in F&O were $60,000 for
QUESTION 40 1 points Felix and Oscar operate the F&O partnership. At the beginning of the year, the capital balances in F&O were $60,000 for Felix and $140,000 for Oscar. During the year, the partnership generated net income of 5180,000 if F&O's partnership agreement requires that each partner be allocated of his beginning capital balance with any remaining income being shared equally, what amount of the company's profits will go to Felix? a. 560,000 b. $87,600 O c. $90,000 d. $54,000 O e. 97,500 Save All Am Save and Click Save and Submit to save and submit. Click Save All Answers to save all answers
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