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1) A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital (40% of all profits and losses) $76,000
1) A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital (40% of all profits and losses) $76,000 Kaporale, capital (30%) 36,000 Dennsmore, capital (20%) (49,000) Rasputin, capital (10%) (63,000)
If Rasputin contributes additional cash of $21,000 to the partnership, what should happen to it? (Do not round intermediate calculations.)
Atkinson | Kaporale | Dennsmore | Rasputin | |
Cash distribution |
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