How much of miguel investment is credited to capital account
Problem
Partners Johnny and Daniel each have capital balances of $95,000. Miguel invests $110,000 for a 1/3 interest in the partnership. How much of Miguel's investment is credited to his capital account?
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Partners Johnny and Daniel each have capital balances of $95,000. Miguel invests $110,000. How much of Miguel's investment is credited to his capital account?
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