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QUESTION

p invest 60000 for 1/3 interest in pqr. P's share of partnership income is 120000. p has withdrawn 75000 the partnership has recourse liabilities of

p invest 60000 for 1/3 interest in pqr. P's share of partnership income is 120000. p has withdrawn 75000 the partnership has recourse liabilities of 48000. what is p's capital account balance?

60000 105000 120000 o 121000

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