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Business, 09.09.2019 18:30 theirishgold42

The partnership of x and y shares profits and losses in the ratio of 60 percent to x and 40 percent to y. for the year 20x8, partnership net income was double x's withdrawals. assume x's beginning capital balance was $80,000, and ending capital balance (after closing) was $140,000. partnership net income for the year was:
a. $120,000.
b. $300,000.
c. $500,000.
d. $600,000.

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