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9 of 10 View Policies Show Attempt History 1.86/6 Current Attempt in Progress At April 30, partners' capital balances in Pharoah Company are G, Donley
9 of 10 View Policies Show Attempt History 1.86/6 Current Attempt in Progress At April 30, partners' capital balances in Pharoah Company are G, Donley $46,800, C. Lamar $43,200, and J. Pinkston $16,200. The income sharing ratios are 5:4:1, respectively. On May 1, the POLT Company is formed by admitting J. Terrell to the firm as a partner (a) Type here to search (b) Lamar's capital balance is $28,800 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner? [1] Terrell's cash investment $ (25) Bonus to new partner 78F
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