A partnership has the following capital balances:
Elgin (40% of gains and losses) | $100,000 |
Jethro (30%) | 200,000 |
Foy (30%) | 300,000 |
Oscar is going to pay a total of $200,000 to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Jethro’s capital balance after the transaction?
a.$150,000.
b.$175,000.
c.$195,000.
d.$200,000.
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