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Rayfield and Sims are partners sharing incomes and losses equally and with capital balances of $60,000 and $40,000, respectively. If Jones invests $50,000 in the
Rayfield and Sims are partners sharing incomes and losses equally and with capital balances of $60,000 and $40,000, respectively. If Jones invests $50,000 in the partnership for a one-third interest in incomes, losses, and capital, the entry for Jones should be recorded:
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How To Audit The Process Based QMS
Authors: Arter, Dennis R., Cianfrani, Charles A, And West, John E., 'Jack'
2nd Edition
