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Tucker and Titus are partners who share income in the ratio of 3:1. Their capital balances are $31,300 and $77,100, respectively. The partnership generated net
Tucker and Titus are partners who share income in the ratio of 3:1. Their capital balances are $31,300 and $77,100, respectively. The partnership generated net income of $42,900 for the year. What is Tucker's capital balance after closing the revenue and expense accounts to the capital accounts? a. $50,780 b. $76,170 . $38,085 Od. $63,475
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