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The partnership agreement stipulates that a division of partnership orofit or loss is to be...

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Accounting

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The partnership agreement stipulates that a division of partnership orofit or loss is to be made as follows: 1. A salary allowance of $325,000 to Thomas and $265.000 to Chris, 2. The remainder is to be divided equally; THOMAS AND CHRIS PARTNERSHIP Division of Profit Profit Salary allowance Deficiency remaining for allocation Fixed ratio Deficiency remaining for allocation Division of profit 5ave for Later Attempts: 0 of 1 used Sobmit Arswer

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