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The ABCD Partnership has the following balance sheet at January 1, 2012, prior to the admission of new partner, Eden. 3. Cash and aurrent assets
The ABCD Partnership has the following balance sheet at January 1, 2012, prior to the admission of new partner, Eden. 3. Cash and aurrent assets 39,000 Liabilitics Land Building and equipment 130,000 Bams, oapital 52,000 26,000 52,000 117,000 156,000 $ 403,000 234,000 Adams, oapital Cordas, capital Davis, cap Total 403000 Total Eden contributed $124,000 in cash to the business to receive a 20% interest in the partnership. Goodwill was to be recorded. The four original partners shared all profits and losses equally. After Eden made his investment, what were the individual capital balances
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