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J and K shared profits equally. Their capital account balances were J N$400000 a...
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J and K shared profits equally. Their capital account balances were J N$400000 and K N$160000.L was admitted as a partner. The three partners then shared profits equally. On admission of L as a partner, assets were increased in value by $210000. L paid in capital equal to the average new capital balances of J and K. What was the capital paid in by L?
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