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Business, 26.11.2019 19:31 kikibee

Bishop has a capital balance of $120,000 in a local partnership, and cotton has a $90,000 balance. these two partners share profits and losses by a ratio of 60 percent to bishop and 40 percent to cotton. lovett invests $60,000 in cash in the partnership for a 20 percent ownership. the goodwill method will be used. what is cotton’s capital balance after this new investment?

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Bishop has a capital balance of $120,000 in a local partnership, and cotton has a $90,000 balance. t...
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