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Donald and Landry are partners who share income and losses in the ratio of 3 : 2 , respectively. On August 3 1 , their
Donald and Landry are partners who share income and losses in the ratio of : respectively. On August their capital balances were:
Donald, $ and Landry, $ On that date, they agree to admit Neumark as a partner with a onethird capital interest. If
Neumark invests $ in the partnership, what is Landry's capital balance after Neumark's admittance?
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