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Jamison and Blue form a partnership with capital contributions of $600,000 and $800,000, respectively. Their...

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Accounting

Jamison and Blue form a partnership with capital contributions of $600,000 and $800,000, respectively. Their partnership agreement calls for Jamison to receive $120,000 per year in salary. Also, each partner is to receive an interest allowance equal to 10% of the partner

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