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Ethan and Hacken have partner capital balances of S212.000 and 5188,000, respectively. Ethan receives 70% of profits and losses, and Hacken receives 30%. Assume Pound
Ethan and Hacken have partner capital balances of S212.000 and 5188,000, respectively. Ethan receives 70% of profits and losses, and Hacken receives 30%. Assume Pound contributes $100,000 to acquire a 25% interest in the new partnership of Ethan, Hacken, and Pound. Requirements 1. Calculate Pound's capital in the new partnership 2. Journalize the partnership's receipt of cash from Pound. Requirement 1. Calculate Pound's capital in the new partnership. Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partner Bonus to
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