Business, 13.05.2021 18:50 whitty113

Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively. They agree to share profits and losses as follows: Acer Barr As salaries $20,000 $24,000 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses 50% 50% If net loss for the year was $4,000, what will be the distribution to Barr?

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Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively....

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