Multiple Choice
Kate and Joe formed a partnership in 2013.Joe invested $80,000 and Kate invested $50,000.The partnership had $100,000 in income during 2015.There is no agreement as to how income is divided.Kate and Joe's share is:
A) Kate gets $100,000 and Joe gets $50,000.
B) Kate gets $50,000 and Joe gets $100,000.
C) Kate gets $50,000 and Joe gets $50,000.
D) some other division.
Correct Answer:
Verified
Correct Answer:
Verified
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