A partnership has the following capital balances:
| Arlo (50% of gains and losses) . . . . . . . . . . . . . . . . . | $ | 120,000 |
| Band (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 95,000 | |
| Carlyle (20%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 100,000 |
David is going to invest $105,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be David’s beginning capital balance?
a. $94,500 .
b. $105,000 .
c. $126,000 .
d. $135,000 .
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