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Calculate the division of profit to each partner

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Question - BLOSSOM Co. reports profit of $70,100 for the current year. Partner salary allowances are J. Moses $24,100; T. Eaton $30,100; and M. Tung-Ching $5,100. The profit and loss ratio is 6:2:2. Calculate the division of profit to each partner.

Reference no: EM132521783

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