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The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the partners in the ratio of their financial

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The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the partners in the ratio of their financial contributions to the partnership. Wilson contributed $85,000, Pickett contributed $51,000 and Nelson contributed $17,000. In the partnership's first year of operation, it incurred a loss of $202,500. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson? Multiple Choice $67,500 O O $101,250 $22,500 O $50,625 O O $0

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