5. Brown pays $80,000 to the TS Partnership in exchange for 30% ownership. Before the...
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Accounting
5. Brown pays $80,000 to the TS Partnership in exchange for 30% ownership. Before the admission of Brown, the other partners had the following capital account loss sharing percentages: s and profit and Tripper: $70,000 (60%) Sprung : $50,000 (40%) Using the bonus method, what will be the balance in Tripper's capital account after the admission of Brown
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