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Chan and Hamid are partners and share equally in income or loss

Accounting

Chan and Hamid are partners and share equally in income or loss. Chan's current capital balance is RM135,000 and Hamid's is RM120,000. Chan and Hamid agree to accept Flash with a 30% interest in the partnership. Flash invests RM115,000 in the partnership. The amount credited to Flash's capital account is: Select one: a. RM120,000. b. RM115,000. c. RM92,500. d. RM111,000.

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