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Jackie and Hannah are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Jackie, $180,000
Jackie and Hannah are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Jackie, $180,000 and Hannah, $140,000. On that date, they agree to admit Alex as a partner with a one- third capital interest. If Alex invests $100,000 in the partnership, what is Jackie's capital balance after Alex's admittance? a. $166,667 b. $156,000 c. $124,000 d. $180,000
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