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Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively. the partnership generated net income of $50,000 for the year. what is roger's capital balance after closing the revenue and expense accounts to the capital accounts?
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Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,00...
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