A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital
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Question:
A local dental partnership has been liquidated and the final capital balances are as follows:
Atkinson, capital (40% of all profits and losses) | $ 83,000 |
Kaporale, capital (30%) | 43,000 |
Dennsmore, capital (20%) | (57,000 ) |
Rasputin, capital (10%) | (69,000 ) |
Required:
If Rasputin contributes additional cash of $22,500 to the partnership, what should happen to it? (Do not round intermediate calculations.
Related Book For
Fundamentals of Advanced Accounting
ISBN: 978-1259722639
7th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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