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Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners.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?
Dividends
Disbursements from a company to its shareholders, typically originating from the firm's earnings.
Market Price
The current price at which an asset or service can be bought or sold in the open market.
Gross Margin
The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage, indicating the financial health of a company's core activities.
Total Assets
The sum of all current and noncurrent assets that a company owns, as reported on the balance sheet.
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