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quired Homework (ch. 12) Questions 6-7(of 8) Problem 12-4A Partner withdrawal and admission LO P3 IThe following information applies to the questions displayed below.j Melr,

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quired Homework (ch. 12) Questions 6-7(of 8) Problem 12-4A Partner withdrawal and admission LO P3 IThe following information applies to the questions displayed below.j Melr, Benson, and Lau are partners and share Income and loss in a 3.2:5 ratio. The partnership's capital balances are as follows: Melr, $168.000, Benson, $138.000, and Lau, $294,000. Benson decldes to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement. References Problem 12-4 Partner withdrawal and Section Break admission LO P3

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