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Advance financial Daoud and Rawan are partners who share profits and losses in the ratio of 6:4. They have capital account balances of $225,000 and
Advance financial
Daoud and Rawan are partners who share profits and losses in the ratio of 6:4. They have capital account balances of $225,000 and $190,000, respectively. The partners have been negotiating with Mariam about her joining the partnership. The parties agree that the partnership will revalue assets to their market value ($75,000 above book value) and that Mariam will invest $125,000 for a 15 percent equity interest. What is Mariam's Capital in the partnership? O a. $ 73,500 ob. $ 92,250 OC. $ 81,000 O d. $125,000Step by Step Solution
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