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Stolton and bright are partners in a business they started two years ago. the partnership agreement states that stolton should receive a salary allowance of $15,000 and that bright should receive a $20,000 salary allowance. any remaining income or loss is to be shared equally. determine each partner’s share of the current year’s net income of $52,000.
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Stolton and bright are partners in a business they started two years ago. the partnership agreement...
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