What will the macki''s capital account, Accounting Basics

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What will the macki''s capital account

Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, what will the Macki's capital account ?

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Accounting Basics: What will the macki''s capital account

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Accounting Basics: What will the macki''s capital account

Reference No:- TGS081106

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will the macki''s capital account

Reference No:- TGS081106

Recent Questions Asked Accounting Basics

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