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Albert Claude and Jamie form a partnership by contributing 25,000, 70,000 and 80,000 , respectively. In addition, the partners agree that Albert should receive 20,000

Albert Claude and Jamie form a partnership by contributing 25,000, 70,000 and 80,000 , respectively. In addition, the partners agree that Albert should receive 20,000 of Goodwill because of his special skills relevant to this business. What amount of capital will exist for Albert when the partnership is formed?

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