Question
On April 30, capital balances are Sara $300,000, Adam $ 250,000 and Gorge $250,000. The income ratios are 20%, 20 % and 60% respectively .
On April 30, capital balances are Sara $300,000, Adam $ 250,000 and Gorge $250,000. The income ratios are 20%, 20 % and 60% respectively . Sara decides to retire from the partnership . The partnership pays Sara $350,000 cash from the company , for her partnership interest . After retirement , what is the balance of Adam's capita accounts$
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Accounting Ethics Education Making Ethics Real
Authors: Alberto J. Costa, Margarida M. Pinheiro
1st Edition
1032019999, 9781032019994
