Phyllis Richardson wants to have a one-third interest in a law practice that has two partners with
Question:
Phyllis Richardson wants to have a one-third interest in a law practice that has two partners with capital balances as follows:
Ronald Small, Capital | $5,600 |
Al Prior, Captal | 2,000 |
How much must Phyllis invest into the partnership?
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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