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28.What is the CORRECT answer? Assuming the assets of the partnership are not fairly valued, determine the capital balance of A1 immediately after admission of

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28.What is the CORRECT answer?

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Assuming the assets of the partnership are not fairly valued, determine the capital balance of A1 immediately after admission of A3. [ (1 Point) Al and A2 are partners in a retail business and divide profits 60% to Al and 40% to A2. Their capital balances at December 31,2019 are as follows: A1 -P 180,000 A2 - 180,000 The partners agree to admit A3 into the partnership on January 2,2020. A3 purchases 1/3 interest in the partnership capital and profits directly from Al and A2 for P 150,000. 150,000 108,000 O 156,000 120,000

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