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Questions 13-14. DIRECTIONS: Answer Questions 13 through 14 based on the information below. 13. Albano, Borrone, and Colluci operate a retail store under the trade

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Questions 13-14. DIRECTIONS: Answer Questions 13 through 14 based on the information below. 13. Albano, Borrone, and Colluci operate a retail store under the trade name of ABC. Their partnership agreement provides for equally sharing profits and losses after salaries of $5,000 to Albano, $10,000 to Borrone, and $15,000 to Colluci. 13. If the net income of the partnership (prior to salaries to partners) is $21,000, then Albano's share of the profits, considering all aspects of the agreement, is determined to be A. $2,000 B. $3,000 C. $5,000 D. $7,000 14. The share of the profits that apply to Borrone, similarly, is determined to be A. $2,000 B. $3,000 C. $5,000 $7,000 14

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