Multiple Choice
L and B agree to share profits and losses in the ratios 8:2. If the net loss is $25 000, how much loss is allocated to each partner?
A) L $20 000; B $5000
B) L $5000; B $20 000
C) L $16 000; B $9000
D) L $23 000; B $2000
Correct Answer:
Verified
Correct Answer:
Verified
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