9. Eberle and Lankton are partners who share income and losses in the ratio of...
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9. Eberle and Lankton are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Eberle, $175,000 and Lankton, $150,000. On that date, they agree to admit Newman as a partner with a one-third capital interest. If Newman invests $125,000 in the partnership, what is Eberle's capital balance after Newman's admittance? (3 Points) $158.333 $160,000 $175.000 $150.000
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