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Lee and stills are partners who share income ratio of 21

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Lee and Stills are partners who share income ratio of 2:1 and who have capital balances of 65,000 and 35,000 respectively. If Mor, with the consent of Stills, acquired 1/2 of Lee's interest for 40,000 for what amount would Mor's capital account be credited?

Reference no: EM13485230

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