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Problem 15-14 A local dental partnership has been liquidated and the final capital balances are as follows: Atkinson, capital (40% of all profits and losses)
Problem 15-14
A local dental partnership has been liquidated and the final capital balances are as follows: |
Atkinson, capital (40% of all profits and losses) | $ 68,000 | |
Kaporale, capital (30%) | 28,000 | |
Dennsmore, capital (20%) | (50,000 | ) |
Rasputin, capital (10%) | (46,000 | ) |
If Rasputin contributes additional cash of $26,000 to the partnership, what should happen to it?
Atkinson Koporale Dennsmore Rasputin Cash Distribution for |
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