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3. A,B and C have a partnership as follows: A Capital balances Profit/Loss percent $60,000 30% B C $150,000 $40,000 40% 30% Partner C retires
3. A,B and C have a partnership as follows: A Capital balances Profit/Loss percent $60,000 30% B C $150,000 $40,000 40% 30% Partner C retires and the partnership pays him $45,000.what is the balance is Partner A Capital account after the sale and assuming Goodwill is recognized by all of the partners? a. $100,000 b. $72,000 c. $65,000 d. $75,000
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Financial Services And Markets
Authors: Dr. Punithavathy Pandian
8125931201, 978-8125931201
