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Chase and Hatch are partners and share equally in income

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June 8th, 2024

Chase and Hatch are partners and share equally in income or loss. Chase’s current capital balance is $189,000 and Hatch’s is $165,000. Chase and Hatch agree to accept Flax with a 30% interest in the partnership. Flax invests $169,000 in the partnership. The amount credited to Flax’s capital account is:$165,000.$156,900.$169,000.$138,000.$201,100.

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