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Assuming that the income-sharing ratios are 532

1. Debbie Perry retires from the partnership of Garland, Newlin, and Perry. She receives $85,000 of partnership assets in settlement of her capital balance of $77,000. Assuming that the income-sharing ratios are 5:3:2, respectively, how much of Perry's bonus is debited to Newlin's capital account?

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Accounting Basics: Assuming that the income-sharing ratios are 532

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Accounting Basics: Assuming that the income-sharing ratios are 532

Reference No:- TGS01515590

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