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Problem 3 B (5 points) Betsey and Brenda are partners. After the books are closed, their capital balances are $240,000 and $260,000, respectively. They share
Problem 3 B (5 points) Betsey and Brenda are partners. After the books are closed, their capital balances are $240,000 and $260,000, respectively. They share profits by a 2:6 ratio. They have decided to admit Angela to the partnership 1. Record Angela's transaction if she purchases a 20% interest from the partnership for $90,000? 2. Record Angela's transaction if she purchases a 25% interest from the partnership for $200,000? 3. Record Angela's transaction if she purchases a 15% interest from the partnership for $100,000? 4. Record Angela's transaction if she purchases one-third of Betsey's interest from Betsey for $100,000
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