If you would kindly show all work it would be greatly appreciated. ...
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Accounting
If you would kindly show all work it would be greatly appreciated.
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $134,000; Chris, $94,000; and Molly, $114,000. Paul is admitted to the partnership on July 1 with a 20% equity and nvests $74,000. The balance in Caitlin's capital account immediately after Paul's a son is Multiple Choice $131,240 $74,000 $136,760 $134,000 $83,200
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