Homework Answers
Total capital balances after admission of Kent
= 135,000+120,000+115,000 = 370,000
(370,000*30%) = 111,000
For this, Kent invested 115,000.
So the excess 4000 is shared equally among old partners
Mace = 135,000 + (4,000*1/2) = 137,000
Bowen = 120,000 + (4,000*1/2) = 122,000
Option B
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