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Jayson invests $160,000 in a partnership for a one-fourth interest. Prior to Jayson's admission, the partnership had two partners with capital balances of $190,000 each.
Jayson invests $160,000 in a partnership for a one-fourth interest. Prior to Jayson's admission, the partnership had two partners with capital balances of $190,000 each. If no asset revaluation is recognized prior to Jayson's admission, what amount is credited to his capital account?
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