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Eddie and Lauren Are Partners in a Business

Question 64

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Eddie and Lauren are partners in a business.Eddie's original capital contribution was $80,000,and Lauren's was $120,000.They agreed to share profits as follows:
Eddie and Lauren are partners in a business.Eddie's original capital contribution was $80,000,and Lauren's was $120,000.They agreed to share profits as follows: Calculate each partner's share of profits,assuming (a)the profit was $200,000,and, (b)the profit was $140,000. Calculate each partner's share of profits,assuming (a)the profit was $200,000,and, (b)the profit was $140,000.

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a.Eddie,$88,000 Laur...

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