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Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership: Darrow invests $345,000 in cash

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Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership: Darrow invests $345,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwil or other revaluation is to be recorded. After the transaction, what is Jennings's capital balance? Multiple Choice

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