Assume the partnership of Dean, Hardin, and Roth has been in existence for a number of years. Dean decides to withdraw from the partnership when the partners' capital balances are as follows:
An appraisal of the business and its property estimates the fair value to be $100,000. Dean has agreed to receive $64,000 in exchange for his partnership interest.
What are the remaining partners' capital balances after Dean's interest is dissolved, assuming the bonus method is applied?
Definitions:
Specifications
Detailed descriptions of the requirements, dimensions, materials, and other properties that a product, material, or service must meet.
Toyota Production System
A manufacturing methodology developed by Toyota that emphasizes efficiency and continuous improvement, focusing on just-in-time production and quality management.
Increasing Inventory
The process of adding more stock to a company's current inventory levels, often in anticipation of higher demand or to prevent stockouts.
Variability
The extent to which data points in a dataset differ from each other and from the mean of the dataset, reflecting the dispersion or spread of the data.
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