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Brian and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31st, their capital balances were: Brian, $147000
Brian and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31st, their capital balances were: Brian, $147000 and Landry, $116000. On that date, they agree to admit Neumark as a partner with a one-third capital interest. If Neumark invests $163000 in the partnership, what is Landry's capital balance after Neumark's admittance
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