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Allison and Josh Are Partners in a Business

Question 123

Multiple Choice

Allison and Josh are partners in a business. Allison's capital is $60,000 and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses as follows: Allison and Josh are partners in a business. Allison's capital is $60,000 and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses as follows: Allison's share of the profits before paying salaries and interest on capital is: A) $48,000. B) $22,000. C) $28,000. D) $28,400. Allison's share of the profits before paying salaries and interest on capital is:


A) $48,000.
B) $22,000.
C) $28,000.
D) $28,400.

Correct Answer:

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