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Question
Franco and Jason share income and losses in a 2:1 (2/3 to Franco and 1/3 to Jason) ratio after allowing for salaries of $15,000 and $30,000, respectively. If the partnership suffers a $15,000 loss, by how much would Jason’s capital account increase?
a. $10,000
b. $20,000
c. $40,000
d. $25,000
Answer
This answer is hidden. It contains 1 characters.
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