Partner q is retiring from the qrs partnership the

Reference no: EM13574623

Partner Q is retiring from the QRS Partnership. The partnership profit/loss ratio is 5:3:2. The partner capital balances just before Q retired were: Q, Capital $400,000 R, Capital $420,000 S, Capital $480,000 The partnership is going to pay Q $450,000 upon his retirement. What is the balance of R & S's Capital after the retirement?

Reference no: EM13574623

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