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How much profit did the partnership earned during the year

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Reference no: EM132865004

Dash has a 25% participation in the profits of a partnership. During the year, Dash's capital account has a net increase of 40,000. Dash made a contributions of 160,000 and capital withdrawals of 240,000 during the year.

Problem 1: How much profit did the partnership earned during the year?

Reference no: EM132865004

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