William (40% of gains and losses) | $220,000 |
Jennings (40%) | 160,000 |
Bryan (20%) | 110,000 |
Darrow invests $250,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jennings’s capital balance?
a. S160,000.
b.$168,000.
c. $170,200.
d. $171,200.
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