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Calculate the amount credited to kent capital account

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Question - Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $186,000 and Bowen's is $162,500. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $166,000 in the partnership. Calculate the amount credited to Kent's capital account?

Reference no: EM132109509

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