Business, 25.03.2020 02:12 teethebeast

Smith and Mills are partners who share income in the ratio of 2:1 and who have capital balances of $65,000 and $35,000 respectively. If Harris, with the consent of Mills, acquired ½ of Smith’s interest for $40,000, for what amount would Harris’ capital account be credited?

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Smith and Mills are partners who share income in the ratio of 2:1 and who have capital balances of $...

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