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Assume a partnership has two partners, A and B. Each partner has a capital balance of $350,000. Partner B wants to retire and sell the

Assume a partnership has two partners, A and B. Each partner has a capital balance of $350,000. Partner B wants to retire and sell the partnership interest to a person J for $450,000. Partners A and J will have an equal partnership. What would be the capital accounts of partner A and J?

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