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What is pia capital balance after closing income

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Question - Pia and Ramona are partners who share income in the ratio of 3:2. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $40,000. What is Pia's capital balance after closing Income Summary to Capital?

a. $60,000

b. $64,000

c. $56,000

d. $104,000

Reference no: EM132827439

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