Business, 18.02.2020 01:25, justinsharp3
When Kirk and Elisa formed their general partnership, Kirk contributed 90 percent of the capital, and Elisa contributed 10 percent. In the partnership agreement, they did not specify the percentage of the profits each partner would receive. In the first year of their partnership, they earned $35,000 in profits. Elisa's share of the profits is .a. $3,500.
b. $10,000.
c. $17,500.
d. $35,000.
Answers: 2
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When Kirk and Elisa formed their general partnership, Kirk contributed 90 percent of the capital, an...
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