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The ADL Partnership consists of three partners, Adam, David, and Laura. The partnership agreement provides for annual salaries of $ 2 5 , 0 0
The ADL Partnership consists of three partners, Adam, David, and Laura. The partnership agreement provides for annual salaries of $ to Adam, $ to David, and $ to Laura. Residual profits are shared in a :: ratio. Salaries are to be fully implemented.
Now assume that partnership income for the year is $ and salaries are implemented proportionately. Davids share of income is
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