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What will be the balance in zs account after admission

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Question - P, B, and J are partners with capital balance of $50,000, $30, and $20,000 and who share in the profit and loss of the PBJ partnership 30%, 20%, and 50% respectively, when they agree to admit Z for a 20% interest. Z contributes $38,000 to the partnership and the bonus method is used. What will be the balance in Z's account after admission?

Reference no: EM133150137

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