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Mr A and B entered into a partnership with an equal share in profit or loss

Mr. A & B entered into a partnership with an equal share in profit or loss. The agreement provides that Mr. A will receive $10,000 and Mr. B will receive $8,000 as salary allowance. The net income for the year is $85,000. What will be the total share of Mr. A?


(A) $52,500


(B) $42,500


(C) $43,500


(D) $50,500

Apr 11 2018 View more View Less

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