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Tucker and Titus are partners who share income in the ratio of 3:1 (3/4 to Tucker and 1/4 to Tibus). Their capital balances are $40,100
Tucker and Titus are partners who share income in the ratio of 3:1 (3/4 to Tucker and 1/4 to Tibus). Their capital balances are $40,100 and $65,500, respectively. The partnership generated net income of $40,200 for the year. What is Tucker's capital balance after closing the revenue and expense accounts to the capital accounts? a. 362,500 Cb. $46,950 Oc. $250 Od. 191,900
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