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Required information [The following information applies to the questions displayed below. Part 2 of 7 Debra and Merina sell electronic equipment and supplies through their
Required information [The following information applies to the questions displayed below. Part 2 of 7 Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $200,000, Merina's capital is $160,000, and they share income in a ratio of 3:2, respectively. 5.88 points Skipped b. Wayne invests the amount needed to give him a one-third interest in the partnership's capital if no goodwill or bonus is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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