Question
A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital (40% of all profits and losses)$80,000Kaporale, capital (30%)40,000Dennsmore,
A local dental partnership has been liquidated and the final capital balances are as follows:
Atkinson, capital (40% of all profits and losses)$80,000Kaporale, capital (30%)40,000Dennsmore, capital (20%)(54,000)Rasputin, capital (10%)(66,000)
If Rasputin contributes additional cash of $22,000 to the partnership, what should happen to it?(Do not round intermediate calculations.)
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Payroll Accounting 2017
Authors: Bernard J. Bieg, Judith Toland
27th edition
1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776
