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X and Y are partners who share income in the ratio of 2:1 and who have capital balances of $65, 000 and $35, 000 respectively.
X and Y are partners who share income in the ratio of 2:1 and who have capital balances of $65, 000 and $35, 000 respectively. If P. with the consent of Y, acquired one-half of X's interest for $40,000, for what amount would P's capital account be credit
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