Multiple Choice
Carrie and Callie form a partnership in which Carrie contributes $85,000 in assets and agrees to devote half time to the partnership. Callie contributed $50,000 in assets and agrees to devote full time to the partnership. If no additional information is available, how will Carrie and Callie share in the division of income?
A) 5:8.5
B) 1:2
C) 1:1
D) 2:1
Correct Answer:
Verified
Correct Answer:
Verified
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