Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The...
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Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. What is the total partnership capital after Anne retires receiving $80,000 and using the bonus method?(A:40,000)
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