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Franco and Elisa share income equally. During the current year the partnership net income was $40,000. Franco made withdrawals of $12,000 and Elisa made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Franco capital, $42,000; Elisa capital, $58,000. what is Elisa's capital account balance at the end of the year ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M971412

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