The partnership pays gst 100000 cash for her partnership, Ask an Expert

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On November 30,capital balances are Gast $120,000,Cook $100,000 and Irving $100,000.The income ratios are 20%,20%and 60%respectively.Gast decides to retire from the partnership.The partnership pays Gst $100,000 cash for her partnership interest.After Gast's retirement ,what was is the balance of Irving's capital account ?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9434191

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