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The summary of the statement of financial position of ABC Partnership is presented below: Notes Cash 405,000 945,000 Payable Non Cash 3,735,000 C. Loan
The summary of the statement of financial position of ABC Partnership is presented below: Notes Cash 405,000 945,000 Payable Non Cash 3,735,000 C. Loan 135.000 Asset Other A, Capital 90,000 1,395,000 Assets (40%) B, Capital 900,000 (30%) C, Capital 855,000 (30%) Total 4,230,000 Total 4,230,000 All partners consented to admit D as partner in the partnership, with 20% interest. How much should D contribute?
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
