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Simonsen, Paulson, and Richardson are partners in a firm with the following capital account balances: Simonsen $60,000 Paulso
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Answer #1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and calculation. For detailed answer refer to the supporting sheet.

C D E F G H Answer 2 Part 1) 3 The correct answer is $ 1,70,000 5 Paulson, Capital 6 Cash $ 1,70,000 8 Explanation 9 Since th

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