p invest 60000 for 1/3 interest in pqr. P’s share of partnership income is 120000. p has withdrawn 75000 the partnership has recourse liabilities of
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p invest 60000 for 1/3 interest in pqr. P’s share of partnership income is 120000. p has withdrawn 75000 the partnership has recourse liabilities of 48000. what is p’s capital account balance?
60000 105000 120000 o 121000
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