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erst, Brown and Sullivan have a partnership. Pertinent information is as follows: Verst Brown Sullivan Capital balance 50,000 120,000 30,000 Profit and loss percentage 25%
erst, Brown and Sullivan have a partnership. Pertinent information is as follows: Verst Brown Sullivan Capital balance 50,000 120,000 30,000 Profit and loss percentage 25% 50% 25% Sullivan sells his partnership interest to Verst for $35,000. What is the balance in Verst's capital account after the sale? $65,000 $80,000 $58,750 $85,000
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