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Benson and orton are partners who share income in the ratio of 1:3 and have capital balances of 70,000 and 30,000 respectively. ramsey is admitted to the partnership and is given a 40% interest by investing 20,000. What is orton's capital balance after admitting ramsey?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977170

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