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show work please! 3. Laverne and Shirley started a partnership. Laverne invested $10,000 in the business and Shirley invested $16,000. The partnership agreement stipulated that
show work please!
3. Laverne and Shirley started a partnership. Laverne invested $10,000 in the business and Shirley invested $16,000. The partnership agreement stipulated that profits would be divided as follows. Each partner would receive a 15% return on their invested capital with the remaining income being distributed equally between the two partners. Assuming that the partnership earned $19,000 during an accounting period, the amount of income assigned to the two partners would be: [10 Points] Answer: Laverne ShirleyStep by Step Solution
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