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The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chloe receives a $14,000 salary. Prepare a schedule showing
The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chloe receives a $14,000 salary. Prepare a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is: 17 an amount is zero, enter "O". For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) A. $40,000 Chase Chloe Total Salaries Remaining income allocation Total division of income B. $6,000 Chase Chloe Total Salaries Remaining income allocation Total division of income C. $(10,000) Chase Chloe Total Salaries Remaining Income allocation Total division of income
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