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The Partners of Apple, Bere, and Carroll LLP Share Net

question 26

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The partners of Apple, Bere, and Carroll LLP share net income and losses in a 5:3:2 ratio, respectively.The capital account balances on January 1, 2018, were as follows: The partners of Apple, Bere, and Carroll LLP share net income and losses in a 5:3:2 ratio, respectively.The capital account balances on January 1, 2018, were as follows:   The carrying amounts of the assets and liabilities of the partnership are the same as their current fair values.Dorr will be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment.The amount of cash that Dorr should invest in the partnership is: A)  $25,000. B)  $30,000. C)  $37,500. D)  $75,000. E)  $90,000. The carrying amounts of the assets and liabilities of the partnership are the same as their current fair values.Dorr will be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment.The amount of cash that Dorr should invest in the partnership is:

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