Question: ( b ) Your answer is incorrect. Lamar's capital balance is $ 2 5 , 6 0 0 after admitting Terrell to the partnership by

(b)
Your answer is incorrect.
Lamar's capital balance is $25,600 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20%
of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner?
(1) Terrell's cash investment $
(2) Bonus to new partner $
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 (b) Your answer is incorrect. Lamar's capital balance is $25,600 after

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