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How much of the net loss is allocated to partner

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Question 1: Partner 1 and Partner 2 have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Partner 1?

Reference no: EM132570394

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