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Business, 19.10.2019 01:20 JamesLachoneus

Farmer and taylor formed a partnership with capital contributions of $200,000 and $250,000, respectively. their partnership agreement calls for farmer to receive a $70,000 per year salary. the remaining income or loss is to be divided equally. if the net income for the current year is $135,000, then farmer and taylor's respective shares are:

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Farmer and taylor formed a partnership with capital contributions of $200,000 and $250,000, respecti...

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