On November 30, capital balances are Forsyth $725000, Lagassi $608000 and Kelly $608000. The income ratios are 20%, 20% and 60% respectively. Forsyth decides to retire from the partnership. In order for Lagassi and Kelly to have equal capital interests after the retirement of Forsyth, how much partnership cash would have to be paid to Forsyth for her partnership interest?
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On November 30, capital balances are Forsyth $725000, Lagassi $608000 and Kelly $608000. The income...
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