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please show all work Bell and Cell were partners with capital balances of $1,125 and $1,775 and an income sharing ratio of 2:3. They admitted
please show all work
Bell and Cell were partners with capital balances of $1,125 and $1,775 and an income sharing ratio of 2:3. They admitted Dell to a 20% interest in the partnership, and the total amount of goodwill credited to the original partners was $300. a) What amount did Dell contribute to the business? [6 points) b) What was Cell's capital balance immediately after Dell's admission to the partnership? [3 points) Step by Step Solution
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