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A partnership began its first year of operations with the following capital balances: The Articles of Partnership stipulated that profits and losses be assigned in the following manner:Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman.Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.Each partner withdrew $13,000 per year.Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.What was Thurman's total share of net income for the second year?
Mental Disorder
A mental disorder is a condition characterized by significant disruption in an individual's cognition, emotion regulation, or behavior, often due to biological, psychological, or developmental factors.
Symptoms
Signs or indications of a condition or disease experienced by an individual.
Rates
Measures or quantities determined in relation to another quantity, often used for comparisons or statistical purposes.
Social Explanation
An interpretation or understanding of social phenomena, emphasizing the influence of societal factors.
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