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ates is a partnership, and its owners are considering admitting Helen Finn as a new partner. On March 31, 2020, the Cap and their
ates is a partnership, and its owners are considering admitting Helen Finn as a new partner. On March 31, 2020, the Cap and their shares of profits and losses are as follows: Capital Profit-and-Loss Ratio 85,000 45% 100.000 200 Required Journalize the admission of Finn as a partner on March 31, 2020, for each of the following independent situations: a. Finn pays Linde $280,000 cash to purchase Linde's interest in the partnership. b. Finn invests $126,667 in the partnership, acquiring a one-fourth interest in the business. c. Finn invests $80,000 in the partnership, acquiring a one-fourth interest in the business. Print Done 1 - quired.
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