Phyllis Richardson wants to have a one-third interest in a law practice that has two partners with

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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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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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