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jell and dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted zell to a 30% interest in the partnership and the total amount of good will credited to the original partner is 700. what amount did zell contribute to the business? Please show how to compute for this problem.
Question:Jell and dell was partners with capital balances of $600 and $800 and an income sharing ratioof 2:3. They admitted zell to a 30% interest in the partnership and the total amount of good…
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