Donald anne and todd have the following capital balances, Financial Accounting

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Donald anne and todd have the following capital balances

Donald, Anne and Todd have the following capital balances: $40,000, $50,000, and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. Anne retires and is paid $80,000 based on an independent appraisal of the business. If the goodwill method is used, what is the capital of the remaining partners? Donald: Todd:

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Financial Accounting: Donald anne and todd have the following capital balances

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