RD formed a partnership on February 10,20X9.R contributed cash of $150,000,while D contributed inventory with a fair value of $120,000.Due to R's expertise in selling,D agreed that R should have 60 percent of the total capital of the partnership.R and D agreed to recognize goodwill.What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?
Definitions:
Milling Machine
A machine tool used to shape solid materials by removing excess material through rotary cutters.
Existing Capacity
Current maximum level of output or production that a facility can achieve under normal conditions.
Additional Minute
Additional Minute refers to any extra time accounted for or needed beyond what was initially planned or scheduled, often in context to services or operations.
Most Profitable
Describes a scenario, product, or entity generating the highest profit margin or net income compared to others in a comparative set.
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