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Describe capital investements and sharing the remainder

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Kim invested 56,000. Tere invested 72,000 and josh invested 80,000 in a partnership. During its first calendar year. The firm earned 423,300. The partners to share income by providing annual salary allowances of 39,000 to kim. 34,000 to tere. and 46,000 to josh. Granting 10 percent interest on the partners beginning capital investements and sharing the remainder equally.

Reference no: EM13129891

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