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please solve asap K,F, and G are partners with capital balances of $60,000,$40,000 and $30,000 and who share in the profit and loss of the
please solve asap
K,F, and G are partners with capital balances of $60,000,$40,000 and $30,000 and who share in the profit and loss of the KFG partnership based on 30%,20%, and 50%, respectively. Assume that with the agreement of other partners, partner G sells half of her interest to partner W for $19,000. The money goes to partner G directly. No asset revaluation or goodwill is recorded by the partnership (i.e., book value method is used). Which of the following will be recorded by the partnership to record the admission of partner W? A credit to Partner G's capital account by $19,000. A credit to Partner W's capital account by $19,000. A credit to Partner G's capital account by $15,000. A credit to Partner W's capital account by $15,000 Step by Step Solution
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