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You and your bestie form a limited partnership. Your friend puts of $9,000 and you can only put up $1,000. You agree to be the

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You and your bestie form a limited partnership. Your friend puts of $9,000 and you can only put up $1,000. You agree to be the general partner and your friend wants to be a limited partner. The partnership does not have an agreement. At the end of the year the partnership makes $100,000 net profit. What is your share of the profits? a. $90,000 b. $25,000 c. $50,000 d. $75,000 e. $10,000

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