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Alice and James Are Partners in a Business

Question 109

Multiple Choice

Alice and James are partners in a business. Alice's capital is $130,000 and James's capital is $170,000. Profits for the year are $130,000. They agree to share profits and losses as follows: Alice and James are partners in a business. Alice's capital is $130,000 and James's capital is $170,000. Profits for the year are $130,000. They agree to share profits and losses as follows: James's share of the profit is: A) $52,000. B) $65,000. C) 39,000. D) None of the above James's share of the profit is:


A) $52,000.
B) $65,000.
C) 39,000.
D) None of the above

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