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Show what amount in the capital account

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Problem - The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. During the year, Hawk and Martin withdrew $86,000 and $68,000, respectively, and net income for the year was $258,000. The articles of partnership make no reference to the division of net income.

Required - Based on this information, the statement of partners' equity for 2010 would show what amount in the capital account for Martin on December 31, 2010?

Reference no: EM132464758

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