The ABCD Partnership has the following balance sheet at January 1, 2012, prior to the admission of new partner, Eden.
Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. No goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%, Barnes, 35%, Cordas, 30%, and Davis, 20%. After Eden made his investment, what were the individual capital balances?
Definitions:
Collecting Tubule
A component of the kidney's nephron that transports urine from the distal convoluted tubule to the renal pelvis.
Aldosterone
A hormone produced by the adrenal glands that helps regulate blood pressure by controlling sodium and water levels in the body.
ADH
Antidiuretic Hormone, a peptide hormone secreted by the pituitary gland that regulates the body's retention of water by increasing water reabsorption in the kidneys.
Blood Plasma
The liquid component of blood where cells are suspended, comprising water, salts, proteins, and various other substances.
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