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If the profit is 100,000, how should the profit be distributed among the partners? Ciar? Jaybon?

If the profit is 100,000, how should the profit be distributed among the partners? Ciar? Jaybon?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ciar and Jaybon are partners. Their capital contribution are as follows:
Ciar 400,000 and Jaybon will provide his services. The partners agreed to divide the profits or lossess in the ratio of 70% and 30% for Ciar and Jaybon, respectively.

If the profit is 100,000, how should the profit be distributed among the partners?
Ciar?
Jaybon?

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