A local dental partnership has been liquidated and the final capital balances are Atkinson, capital (40% of all profits and losses) Kaporale, capital (30%) Dennsmore, capital (20%) Rasputin, capital (10%) $ 62,000 22,000 (32,000) (52,000) If Rasputin contributes cash of $21,000 to the partnership, how would this amount be distributed to the other partners? (Round your intermediate calculations to the nearest whole dollar.)
A local dental partnership has been liquidated and the final capital balances are Atkinson, capital (40% of all profits and losses) Kaporale, capital (30%) Dennsmore, capital (20%) Rasputin, capital (10%) $ 62,000 22,000 (32,000) (52,000) If Rasputin contributes cash of $21,000 to the partnership, how would this amount be distributed to the other partners? (Round your intermediate calculations to the nearest whole dollar.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A local dental partnership has been liquidated and the final capital balances are
Atkinson, capital (40% of all profits and losses)
Kaporale, capital (30%)
Dennsmore, capital (20%)
Rasputin, capital (10%)
Cash distribution
$ 62,000
If Rasputin contributes cash of $21,000 to the partnership, how would this amount be distributed to the other partners? (Round your
intermediate calculations to the nearest whole dollar.)
Atkinson Kaporale Dennsmore
22,000
(32,000)
(52,000)
Rasputin
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