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What amount did zay contribute into the partnership

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Reference no: EM132770899

Problem 1: Jay and Day were partners with capital balances of $600 and $800 and a profit and loss ratio of 2:3. They admitted Zay to a 30 percent interest in the partnership, and the total goodwill credited to the original partners was $700. What amount did Zay contribute into the partnership?

A. $630.

B. $560.

C. $900.

D. $600.

Reference no: EM132770899

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