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The Fred and Ivan partnership agreement provides for Fred to receive a 20% bonus on profits before the bonus. Remaining profits and losses are divided

The Fred and Ivan partnership agreement provides for Fred to receive a 20% bonus on profits before the bonus. Remaining profits and losses are divided between Fred and Ivan in the ratio of 2 to 3, respectively. Which partner has a greater advantage when the partnership has a profit or when it has a loss?

Profit Loss Fred Ivan

Profit Loss Fred Fred

Profit Loss Ivan Fred

Profit Loss Ivan Ivan

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