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Question 5 5 pts Judy and Kim have partnership capital account balances of $480,000 and $360,000 respectively, and share profits and losses equally. Mary is
Question 5 5 pts Judy and Kim have partnership capital account balances of $480,000 and $360,000 respectively, and share profits and losses equally. Mary is admitted to the partnership by investing $200,000 for a one-fourth ownership interest. The balance of Judy's Capital account after Mary is admitted is $450,000 $510,000 $330.000 O $360,000 Question 6 5 pts A hybrid form of business organization with certain features like a corporation is a(n) limited liability company. sub-chapter "S" corporation "C" corporation o limited liability partnership
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