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PLEASE SOLVE THIS QUESTION, IT CONSISTS OF PARTS (A), (B) AND (C). THANK YOU On December 31, the capital balances and profit and loss ratios
PLEASE SOLVE THIS QUESTION, IT CONSISTS OF PARTS (A), (B) AND (C). THANK YOU
On December 31, the capital balances and profit and loss ratios in Cullumber Company are as follows:
Partner | Capital Balance | Profit and Loss Ratio | ||||
---|---|---|---|---|---|---|
H. Smith | $172,800 | 60% | ||||
P. William | $71,190 | 30% | ||||
R. Brown | $57,600 | 10% |
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