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What is the total capital of the rd partnership

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Question - RD formed a partnership on February 10, 20X9. R contributed cash of $150,000, while D contributed inventory with a fair value of $120,000. Due to R's expertise in selling, D agreed that R should have 60 percent of the total capital of the partnership. R and D agreed to recognize goodwill.

What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?

Reference no: EM132186631

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