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Allison and Josh Are Partners in a Business

Question 22

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: Josh's share of the profit is: A) $32,000. B) $44,000. C) ($8,000) . D) None of the above. Josh's share of the profit is:


A) $32,000.
B) $44,000.
C) ($8,000) .
D) None of the above.

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