Business, 30.03.2020 23:44 issagirl05

Gillie, Taft, and Dall are partners in an accounting firm. The partnership agreement is silent about the payment of salaries and the division of profits and losses. Gillie works full-time in the firm, and Taft and Dall each work half-time. Taft invested $120,000 in the firm, and Gillie and Dall invested $60,000 each. Dall is responsible for brining in 50% of the business, and Gillie and Taft 25% each. How should profits of $120,000 for the year be divided up?

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Gillie, Taft, and Dall are partners in an accounting firm. The partnership agreement is silent about...

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