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What amount of the partnership loss

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Question - The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of their financial contributions to the partnership. Wilson contributed $110,000, Pickett contributed $66,000 and Nelson contributed $22,000. In the partnership's first year of operation, it incurred a loss of $220,500. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson?

Reference no: EM132588576

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