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What the balances of garret and josh capital accounts

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Problem 1: Dawn, Garret and Josh have partnership capital account balances of $224900, $451000 and $105200, respectively. The income sharing ratio is Dawn, 50%; Garret, 40%; and Josh, 10%. Dawn desires to withdraw from the partnership and it is agreed that partnership assets of $195800 will be used to pay Dawn for her partnership interest. The balances of Garret's and Josh's Capital accounts after Dawn's withdrawal would be

Reference no: EM132678205

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