Solved: David is going to invest 51000 into the business to acquire, Accounting Basics

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David is going to invest 51000 into the business to acquire

A partnership has the following capital balances:
Arlo (50% gaines and losses) $60,000
Band (30%) 70,000
Carlyle (20%) 140,000
David is going to invest $51,000 into the business to acquire 30 percent ownership interest. Goodwill is to be recorded. What will be David's beginning capital balance?

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Accounting Basics: David is going to invest 51000 into the business to acquire

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