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Robin, Cardinal, Jay are partners shaing profits and losses 30/30/40 respectively Their capital balances are: Robin Cardinal Jay 175,000 300,000 275,000 750,000 The old

Robin, Cardinal, Jay are partners shaing profits and losses 30/30/40 respectively Their capital balances are: Robin Cardinal Jay 175,000 300,000 275,000 750,000 The old and partners agree that assets are undervalued by $100,000.

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