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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) $ 66,000
A local dental partnership has been liquidated and the final capital balances are as follows:
| Atkinson, capital (40% of all profits and losses) | $ | 66,000 | |
| Kaporale, capital (30%) | 26,000 | ||
| Dennsmore, capital (20%) | (37,000 | ) | |
| Rasputin, capital (10%) | (55,000 | ) | |
If Rasputin contributes additional cash of $22,000 to the partnership, what should happen to it?
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Financial Accounting A Practical Introduction
Authors: Ilias Basioudis
1st Edition
0273714295, 978-0273714293
