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What amount should Ding be allowed to withdraw

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Question - Partners Chong, Ding, and Bong share profits and losses in a 3:1:2 ratio, respectively. Ding wishes to leave the partnership, so the assets are revalued and are found to be overvalued by 300,000. If each partner had a capital balance of 550,000 prior to Ding's notification of withdrawal, what amount should Ding be allowed to withdraw from the partnership?

Reference no: EM132976136

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