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40. Partners Anne, Betty, and Charles share profits and losses in a 3:1:2 ratio, respectively, Betty wishes to leave the partnership, so the assets are

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40. Partners Anne, Betty, and Charles share profits and losses in a 3:1:2 ratio, respectively, Betty wishes to leave the partnership, so the assets are revalued and are found to be overvalued by $30,000. If each partner had a capital balance of $50,000 prior to Betty's notification of withdrawal , the entry to record the Betty's withdrawal is: Betty, Capital 45,000 Cash 45,000 b. Betty, Capital 50,000 Cash 50.000 c. Retty, Capital Cash 40.000 40,000 55.000 d. Betty, Capital Cash 55,000

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