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The Remote Beauty partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Tammy (40%)
The Remote Beauty partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Tammy (40%) $125,000 Patrick (20%) $95.000 Ellen (40%) $110,000 Sammy invests $140,000 in cash in the business for a 30 percent interest. Assume the bonus method is used, what is Ellen's capital balance after Sammy's new investment? $109,600 O $103,600 O $126.400 $110,400
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