partnerships
Kristina and Seemera are partners. Kristina is allocated 60% of profits and losses and has capital balance of $25,000, while Semeera is allocated 40% and has a capital balance of $20,000. Any bonuses to new and existing partners following the admission of new partners are shared equally.
Seb is admitted to the partnership and is allocated 20% share of the partnership. If Seb pays $30,000 to become a partner, what is Kristinas capital balance after his admission?
The answer is $32,500 how is this calculated??
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