Business, 17.08.2021 21:30 mkpayton2006
Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William, Jennings, and Bryan partnership:
William (45% Of gains and losses) $240,000
Jennings (45%) 190,000
Bryan (19%) 170,000
Darrow invests $275,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jennings's capital balance?
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Following are the capital account balances and profit and loss percentages (indicated parentheticall...
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