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What the balance in Caitlin capital account

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Question - Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $120,000; Chris, $80,000; and Molly, $100,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $60,000. What the balance in Caitlin's capital account immediately after Paul's admission?

Reference no: EM132935589

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