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Business, 27.05.2020 17:58 haileyhale5

Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses are shared equally. Carter agrees to sell three-fourths of his ownership interest to Able for $525000 and one-fourth to Baker for $187500. Able and Baker will use personal assets to purchase Carter’s interest. The partnership's entry to record Carter’s withdrawal from the partnership would be

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Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses...
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