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What allison share of the profits before paying salaries

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Allison and Josh are partners in a business. Allison's capital is $60,000, and Josh's capital is $100,000. Profits for the year are $80,000. They agree to share profits and losses.

Problem 1: Allison's share of the profits before paying salaries and interest on capital is __________.

a) $48,000

b) $22,000

c) $28,000

d) $28,400

Reference no: EM132789800

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