Test 100 pouce Nancy and Botty enter into a partnership agreement where they decide to...
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Accounting
Test 100 pouce Nancy and Botty enter into a partnership agreement where they decide to share profits according to the following red (a) Nancy and Betty will receive salaries of $1,800 and $13.500 respectively as the first location (b) The next allocation is based on 30% of each partner's capital balances (c) Any remaining profit or loss is to be allocated completely to Betty The partnership's net income for the first year is $50,000. Nancy's capital balance is $81,000 and Belly's capital balance is $11000w the end of the year. The rest allocated to Betty A. $26.100 B. $8,280 C. $22,800 D. $23,900
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