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Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $141,000 and Bowen's is $125,000. Mace and Bowen
Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $141,000 and Bowen's is $125,000. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $121,000 in the partnership. The balances in Mace's and Bowen's capital accounts after admission of the nev partner equal: Multiple Choice O Mace $138,550; Bowen $122,550. Mace $143,450; Bowen $127,450. . Mace $145,900; Bowen $125,000. O Mace $141,000; Bowen $125,000. Mace $141,000; Bowen $129,900. Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $62,000, and Martin's capital balance $59,000. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 25% interest. Black will invest $33,000 in the partnership. The bonus that is granted to Black equals: Multiple Choice $3,208. $6,417. $0, because Black must actually grant a bonus to Hewlett and Martin. $2,750. $5,500
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