A local dental partnership has been liquidated and the final capital balances are Atkinson, capital (40% of

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A local dental partnership has been liquidated and the final capital balances are

Atkinson, capital (40% of all profits and losses) . . . . . . . .         $ 70,000
Kaporale, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . . . .             30,000
Dennsmore, capital (20%) . . . . . . . . . . . . . . . . . . . . . . . . .           (42,000)
Rasputin, capital (10%) . . . . . . . . . . . . . . . . . . . . . . . . . . .           (58,000)

If Rasputin contributes additional cash of $20,000 to the partnership, what should happen to it?

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Advanced Accounting

ISBN: 978-1259444951

13th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni

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