Susan desires to purchase a one-fifth capital and profit and loss Mary, and Ron. The...
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Susan desires to purchase a one-fifth capital and profit and loss Mary, and Ron. The three partners agree to sell Susan and loss interests in exchange for a total payment of $100,000. The payment is individual losses immediately before the sale to Susan follow: 8. one-fifth of their respective capital and profit made directly to the The capital accounts and the respective percentage interests in profits and partners. Capital Accounts $210,000 Percentage Interests in Profits and Losses 50% Tony Mary Ron Total 130,000 15 60,000 $400,000 All other assets and liabilities are fairly valued and implied goodwill is to be recorded prior to the ac quisition by Susan. Immediately after Susan's acquisition, what should be the capital balances of Tony, Mary, and Ron, respectively
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