Question
November 30, capital balances are Gray 90,000, Carr 75,000 and Melton 75,000. The income ratios are 20%, 20% and 60%, respectively. Gray decides to retire
November 30, capital balances are Gray 90,000, Carr 75,000 and Melton 75,000. The income ratios are 20%, 20% and 60%, respectively. Gray decides to retire from the partnership. The partnership pays Gray 105,000 cash for her partnership interest. After Gray's retirement, what is the balance of Carr's capital account?
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The Law And Economics Of Patent Damages, Antitrust, And Legal Process
Authors: James Langenfeld, Frank Fagan, Samuel Clark
2nd Edition
1800710259, 9781800710252
