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1. In the AB partnership (to which Daniel seeks admittance), the capital balances of Albert and Bert, who share income in the ratio of 5:3

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1. In the AB partnership (to which Daniel seeks admittance), the capital balances of Albert and Bert, who share income in the ratio of 5:3 are: Albert $450,000 Bert $190,000 2. Using the information in question 1 above prepare the entry to record Daniels's admission if the bonus method is used

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