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On November 30, capital balances are William $714000, Lagassi $600000 and Kelly $600000. The income ratios are 20%, 20% and 60% respectively. William decides to

On November 30, capital balances are William $714000, Lagassi $600000 and Kelly $600000. The income ratios are 20%, 20% and 60% respectively. William decides to retire from the partnership. In order f...

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