Bingham and Ecuyer sell 1/4 of their partnership interest to Ives receiving $600000 each. At the time of admission Bingham and Ecuyer each had a $1050000 capital balance. The admission of Ives will cause the net partnership assets to

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The Answer of Bingham and Ecuyer sell 1/4 of their partnership interest to Ives receiving $600000 each. At the time of admission Bingham and Ecuyer each had a $1050000 capital balance. The admission of Ives will cause the net partnership assets to

Bingham and Ecuyer Sell 1/4 of Their Partnership Interest to Ives