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Kim and John Formed a Partnership in 2015

Question 87

Multiple Choice

Kim and John formed a partnership in 2015. John invested $140,000 and Kim invested $90,000. The partnership had $100,000 in income during 2017. There is no agreement as to how income is divided. Kim and John's share is:


A) Kim gets $100,000 and John gets $90,000.
B) Kim gets $90,000 and John gets $100,000.
C) Kim gets $50,000 and John gets $50,000.
D) some other division.

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