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Business, 03.05.2021 19:50 jujulakaeuaws

The Muldoon Partnership consists of three partners, Adam, Dawn, and Lorrie. The partnership agreement provides for annual salaries of $80,000 to Dawn and $120,000 to Lorrie. Residual profits are shared in a 3:3:4 ratio. Salaries are to be fully implemented, even if partnership net income is less than total salaries. Partnership net income for the year is $280,000. Adam's share of net income is

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The Muldoon Partnership consists of three partners, Adam, Dawn, and Lorrie. The partnership agreemen...
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