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Business, 16.04.2020 21:06 gabriellesmith1210

The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of their financial contributions to the partnership. Wilson contributed $80,000, Pickett contributed $48,000 and Nelson contributed $16,000. In the partnership's first year of operation, it incurred a loss of $198,000. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson?

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The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that pro...
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