The ABCD Partnership has the following balance sheet at January 1, 2012, prior to the admission of new partner, Eden.
Eden contributed $124,000 in cash to the business to receive a 20% interest in the partnership. Goodwill was to be recorded. The four original partners shared all profits and losses equally. After Eden made his investment, what were the individual capital balances?
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A stage of life characterized by full physical and intellectual maturity, typically beginning around the age of 18-21.
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