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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Partners Brian, Josh, and Chad have capital balances of $8,000, $6,000, and $80,000, respectively. The losses for the year are $10,000. What will Josh's capital balance be if the three partners share profits and losses at a 2:2:6 ratio for Brian, Josh, and Chad, respectively?
A) $4,000 debit balance
B) $4,000 credit balance
C) $1,000 debit balance
D) $2,400 debit balance
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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6 years ago
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majestico Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
taydav
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mikeh209
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2 hours ago
Helped a lot
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