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Barber and atkins are partners in an accounting firm and

Question - Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capital balance for the current year is $314,000, and Atkins' beginning partnership capital balance for the current year is $232,000. The partnership had net income of $152,000 for the year. Barber withdrew $86,000 during the year and Atkins withdrew $25,000. What is Barber's ending equity?

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Accounting Basics: Barber and atkins are partners in an accounting firm and

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Accounting Basics: Barber and atkins are partners in an accounting firm and

Reference No:- TGS02902966

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