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Business, 03.09.2019 19:20 5001Je

Fred and barney started a partnership. fred invested $20,000 in the business and barney invested $32,000. the partnership agreement stipulated that profits would be divided as follows: each partner would receive a 15% return on invested capital with the remaining income being distributed equally between the two partners. assuming that the partnership earned $38,000 during an accounting period, the amount of income assigned to the two partners would be:

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