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Jill and Smite have partnership capital account balances of $1,056,000 and $792,000, respectively and share profits and losses equally, Sierra is admitted to the partnership

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Jill and Smite have partnership capital account balances of $1,056,000 and $792,000, respectively and share profits and losses equally, Sierra is admitted to the partnership by investing $440,000 for a one-fourth ownership interest. The balance of Smith's Capital account after Sierra is admitted is a $572.000 @ $726.000 d. $792,000 a $858,000

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