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A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital (40% of all profits and losses) $ 70,000
A local dental partnership has been liquidated and the final capital balances are as follows:
Atkinson, capital (40% of all profits and losses) | $ 70,000 | |
Kaporale, capital (30%) | 30,000 | |
Dennsmore, capital (20%) | (42,000 | ) |
Rasputin, capital (10%) | (58,000 | ) |
If Rasputin contributes additional cash of $20,000 to the partnership, what should happen to it? (Do not round intermediate calculations.) Cash Distribution Atkinson Kaporale Dennsmore Rasputin |
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