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Question: peters and chong are partners and share equally in income...

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Peters and Chong are partners and share equally in income or loss. Peters' current capital balance is $340,000 and Chong's is $330,000. Peters and Chong agree to accept Aaron with a 30% interest in the partnership. Aaron invests $308,000 in the partnership. The amount credited to Aaron's capital account is:

  • $293,400.

  • $194,400.

  • $308,000.

  • $648,000.

  • $318,000.

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