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What the shares of the partners with profit

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Problem 1: Moreau invested $18,000 and Fereday invested $32,000 in a partnership. They agreed to share incomes and losses by allowing a $9,000 per year salary allowance to Moreau and a $12,000 per year salary allowance to Fereday, plus interest on the partners' investments at 8%, with the balance to be shared equally. Under this agreement, the shares of the partners with a $80,000 profit are

a. $40,000 to Moreau; $40,000 to Fereda.

b. 18,000 to Moreau; $62,000 to Fereday

c. $37,940 to Moreau; $42,060 to Fereday.

d. $39,940 to Moreau; $40,560 to Fereday.

e. $38,500 to Moreau; $41,500 to Fereday .

Could you please explain the solution of the question

Reference no: EM132614088

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