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At year-end, the Circle City partnership has the following capital balances: Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave
At year-end, the Circle City partnership has the following capital balances: Profits and losses are split on a 3:3:2:2 basis, respectively. Clark decides to leave the partnership and is paid $146,000 from the business based on the original contractual agreement. Multiple Choice $199,000 $194,500 $191,800 $196,000
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