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A local dental partnership has been liquidated and the final capital balances are as follows Atkinson capital 40% of all profits and losses

A local dental partnership has been liquidated and the final capital balances are as follows:

 

Atkinson, capital (40% of all profits and losses) . . . . . . . . .

$ 60,000

Kaporale, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . .

20,000

Dennsmore, capital (20%) . . . . . . . . . . . . . . . . . . . . . . . . .

(30,000)

Rasputin, capital (10%). . . . . . . . . . . . . . . . . . . . . . . . . . . .

(50,000)

If Rasputin contributes additional cash of $20,000 to the partnership, what should happen to it?

Jul 14 2020 View more View Less

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