Partners bob and don have agreed to share profits and, Ask an Expert

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partners bob and don have agreed to share profits and losses in an 80:20 ratio respectively, after bob is allowed a salary allowance of $140,000 and don is allowed a salary allowance of $70,000. if the partnership had net income of $140,000 for 2010, don's share of the income would be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M966830

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