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What the net assets of the partnership right after admission

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Problem 1: A, B and C have existing balances of $100,000, $200,000 and $300,000 respectively with profit ratio of 2:3:5. D is to be admitted into the partnership by purchasing 20% each of the existing partners' capital for $100,000. The net assets of the partnership right after the admission of D would be

Reference no: EM132772660

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