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Darla, Ellen, and Frank have capital balances of $30,000, $40,000 and $50,000 respectively when Ellen personally agrees to buy Darla's share of the partnership. Ellen
Darla, Ellen, and Frank have capital balances of $30,000, $40,000 and $50,000 respectively when Ellen personally agrees to buy Darla's share of the partnership. Ellen pays Darla $35,000. Once the tran...
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