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What will be anne beginning capital balance

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Question - A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:

Henry (60%) $88,000

Thomas (20%) 110,000

Catherine (20%) 160,000

Anne is going to invest $93,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Anne's beginning capital balance?

Reference no: EM133158559

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