Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer
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Question:
Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2.
| Debra | $ 190,000 |
|---|---|
| Merina | 152,000 |
Problem 15-11 (Algo) Part eRequired:
e. Wayne directly purchases a 25 percent interest by paying Debra $86,000 and Merina $53,000. The land account is increased before Wayne is admitted.
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