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2. The following balance sheet information is for the partnership of Abel, Ball, and Catt: Cash Other assets s 210,000 1,500,000 Liabilities Abel, Capital (40%)

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2. The following balance sheet information is for the partnership of Abel, Ball, and Catt: Cash Other assets s 210,000 1,500,000 Liabilities Abel, Capital (40%) Ball, Capital (40%) Catt, Capital (2096) s 710,000 300,000 400,000 300,000 $1,710,000 Figures shown parenthetically reflect agreed profit and loss sharing percentages. If the assets are fairly valued on the above balance sheet and the partnership wishes to admit Dent as a new 1/4 partner without recording goodwill or bonus, Dent should invest cash or other assets of what amount? Page 1 of6

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