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Renee and Emma contribute $40 000 and $60 000, respectively, as capital to a business. They don't have a written partnership agreement. At the end

Renee and Emma contribute $40 000 and $60 000, respectively, as capital to a business. They don't have a written partnership agreement. At the end of the first year they have a profit of $50 000. Emma insists that her share of the profits should be $30 000. Advise Renee

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