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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) $ 78,000
A local dental partnership has been liquidated and the final capital balances are as follows: |
Atkinson, capital (40% of all profits and losses) | $ 78,000 | |
Kaporale, capital (30%) | 38,000 | |
Dennsmore, capital (20%) | (46,000 | ) |
Rasputin, capital (10%) | (70,000 | ) |
If Rasputin contributes additional cash of $25,000 to the partnership, what should happen to it? (Do not round intermediate calculations.) |
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