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The High and Low partnership agreement stipulates that profits and losses be assigned in the following manner:-For managing the business, High receives a 15% bonus of partnership income before salary and bonus-High receives a salary of $45,000-Any remaining profit and loss is allocated equallyDuring the current year, the partnership had a net income of $50,000 before the bonus and salary allowance. Low's equity in the partnership would? A) Increase B) Increase the same amount as High's C) Decrease D) Decrease the same amount as High's E) Not change

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