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Compute the flex share of the income

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Question - Partners Jelly and Flex have agreed to share profits and losses in a 80:20 ratio respectively after Jelly is allowed a salary allowance of $ 70.000 and Flex is allowed a salary allowance of $35.00. If the partnership had a net income of $ 70.000 for 2017, compute the Flex share of the income?

A) $28.000

B) $35.000

C) $42.000

D) $7.000

Reference no: EM132761112

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