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Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $57,500, and Martin's capital balance $54,500. Hewlett and Martin have agreed to share
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $57,500, and Martin's capital balance $54,500. Hewlett and Martin have agreed to share equally in income or loss. The existing partners agree to accept Black with a 20% interest. Black will invest $36,300 in the partnership. The bonus that is granted to Hewlett and Martin equals
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