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In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40%
"In IAB Co., capital balances are Mohd $50,000 and Hani $70,000. The partners share income equally. Ziad is admitted to the firm with a 40% interest by an investment of cash of $80,000.according to the Goodwill method, Hani s capital balance after recording the admission of Ziad is" 68000 80000 50000 70000
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The Birth Of American Accountancy
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534681, 9780367534684
