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In terms of the partnership agreement, partners Henry and Peter are entitled to salaries of...

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Accounting

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In terms of the partnership agreement, partners Henry and Peter are entitled to salaries of R10 000 per month and R12 000 per month respectively from 01 March 2022 (the beginning of the financial year) to 31 May 2022: The salaries were increased by 10% with effect from 01 June 2022 . How much will be reflected as partners' salaries for the financial year ended 28 February 2023 ? A. R270 600 B. R290 400 C. R283 800 D. R264 000

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