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  3. douglas pays selena $47,500 for her 26% interest i

Douglas pays Selena $47,500 for her 26% interest in a partnership with net assets of...

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Accounting

Douglas pays Selena $47,500 for her 26% interest in a partnership with net assets of $128,500. Following this transaction, Douglas's capital account should have a credit balance of

a.$33,410

b.$47,500

c.$12,350

d.$128,500

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