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Business, 02.06.2021 23:10 KaitlynLucas5132

On November 30, capital balances are Ross $292000, Ellis $249000 and Gise $249000. The income ratios are 25%, 25% and 50%, respectively. Ross decides to retire from the partnership. In order for Ellis and Gise to have equal capital interests after the retirement of Ross, how much partnership cash would have to be paid to Ross for her partnership interest

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On November 30, capital balances are Ross $292000, Ellis $249000 and Gise $249000. The income ratios...

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