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Capital balances in the TERM partnership are Takako, Capital $50,000; Endo, Capital $40,000; Reiko, Capital $30,000; and Maeda, Capital $20,000. The profit and loss ratio
Capital balances in the TERM partnership are Takako, Capital $50,000; Endo, Capital $40,000; Reiko, Capital $30,000; and Maeda, Capital $20,000. The profit and loss ratio is 4:3:2:1. Maeda withdraws from the firm after receiving $29,000 in cash from the partnership. After the withdrawal of Maeda, the partnership reports: Net assets: Choose... Takako, capital: $46,000 Endo, capital: $37,000 Reiko, capital: $28,000 4
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