Business, 09.11.2019 07:31 reesemf2006

The capital account balances for donald & hanes llp on january 1, 2018, were as follows: donald, capital $ 200,000 hanes, capital 100,000 donald and hanes shared net income and losses in the ratio of 3: 2, respectively. the partners agreed to admit may to the partnership with a 35% interest in partnership capital and net income. may invested $100,000 cash, and no goodwill was recognized. what is the balance of donald’s capital account after the new partnership is created?

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The capital account balances for donald & hanes llp on january 1, 2018, were as follows: donal...

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