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Question
Helen and Casey are partners. Helen contributes capital of $20,000 to the partnership and Casey contributes $10,000. They agree that Helen will receive 60 percent of all profits and that Casey will receive 40 percent. They have not decided how to share losses. The partnership makes a loss of $7,000. What is Casey's share of the loss?
A. $2,800
B. $4,200
C. $3,500
D. $5,500
Answer
This answer is hidden. It contains 102 characters.
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