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Chase and Hatch are partners and share equally in income or loss. Chase's current capital...

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Accounting

Chase and Hatch are partners and share equally in income or loss. Chase's current capital balance is $186,000 and Hatch's is $162,500. Chase and Hatch agree to accept Flax with a 30% interest in the partnership. Flax invests $166,000 in the partnership. The amount credited to Flax's capital account is

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