Brown invested $200,000 and freeman invested $150,000 in a partnership. they agreed to an interest allowance on the partners' beginning-year capital investments at 10%, with the balance to be shared equally. under this agreement, the shares of the partners when the partnership earns $205,000 in income are:
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Home » Business » Brown invested $200,000 and freeman invested $150,000 in a partnership. they agreed to an interest allowance on the partners' beginning-year capital investments at 10%, with the balance to be shared equally.