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The Tomorrow Solution partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Xavier (40%)
The Tomorrow Solution partnership has the following capital balances at the beginning of the current year along with respective profit and loss percentages: Xavier (40%) $60.000 Yan (30%) $30,000 Zachary (30%) $45,000 Sandy invests $60,000 in cash in the business for a 20 percent interest. Assume the bonus method is used, what is Xavier's capital balance after Sandy's new investment? $68.400 O $60,200 O $73,200 O $51,600
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