A local dental partnership has been liquidated and the final capital balance Atkinson, capital (40 % of all profits and losses) Kaporale, capital (30 %) Dennsmore, capital (20%) Rasputin. capital (18%) $ 61,000 21,000 (36,000) (46.000)
A local dental partnership has been liquidated and the final capital balance Atkinson, capital (40 % of all profits and losses) Kaporale, capital (30 %) Dennsmore, capital (20%) Rasputin. capital (18%) $ 61,000 21,000 (36,000) (46.000)
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3EA: The partnership of Tasha and Bill shares profits and losses in a 50:50 ratio, and the partners have...
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Transcribed Image Text:A local dental partnership has been liquidated and the final capital balances are
Atkinson, capital (40% of all profits and losses)
Kaporale, capital (30%)
Dennsmore, capital (20%)
Rasputin, capital (10 %)
If Rasputin contributes cash of $26,000 to the partnership, how would this amount be distributed to the other partners? (Round your
intermediate calculations to the nearest whole dollar.)
Cash distribution
Atkinson Kaporale Dennsmore
$
0 $
$ 61,000
21,000
(36,000)
(46,000)
Rasputin
0 $
이
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