Business
Business, 27.05.2020 14:58, haleyllevsen

Dawn, Garret and Josh have partnership capital account balances of $225000, $450000 and $105000, respectively. The income sharing ratio is Dawn, 50%; Garret, 40%; and Josh, 10%. Dawn desires to withdraw from the partnership and it is agreed that partnership assets of $195000 will be used to pay Dawn for her partnership interest. The balances of Garret’s and Josh’s Capital accounts after Dawn’s withdrawal would be

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Dawn, Garret and Josh have partnership capital account balances of $225000, $450000 and $105000, res...

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