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Peters and Chong are partners and share equally in income or loss. Peters' current capital balance is $160,000 and Chong
Posted: Tue Jul 05, 2022 11:47 am
by answerhappygod
- Peters And Chong Are Partners And Share Equally In Income Or Loss Peters Current Capital Balance Is 160 000 And Chong 1 (10.92 KiB) Viewed 10 times
Peters and Chong are partners and share equally in income or loss. Peters' current capital balance is $160,000 and Chong's is $150,000. Peters and Chong agree to accept Aaron with a 30% interest in the partnership. Aaron invests $128,000 in the partnership. The amount credited to Aaron's capital account is