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The partnership of Geoffrey and Berto shares profits and losses in a 50:50 ratio, and the partners have capital balances of $65,000 each. How much
The partnership of Geoffrey and Berto shares profits and losses in a 50:50 ratio, and the partners have capital balances of $65,000 each. How much will be in Geoffreys capital account if Tasha joins the partnership with an $80,000 investment in exchange for a one-third share of the partnership? You must show the calculation to receive credit for this question.
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