Rich Tracy and Mark are partners who share profits 40% 20% and 40%. Their capital balances were $630000 $420000 and $210000 respectively before Mark's retirement. Mark was paid $240000 from partnership assets to buy his interest.
Instructions
Compute the capital balances of Rich and Tracy after Mark has withdrawn.

Question

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The Answer of Rich Tracy and Mark are partners who share profits 40% 20% and 40%. Their capital balances were $630000 $420000 and $210000 respectively before Mark's retirement. Mark was paid $240000 from partnership assets to buy his interest.
Instructions
Compute the capital balances of Rich and Tracy after Mark has withdrawn.

Rich Tracy and Mark Are Partners Who Share Profits 40