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.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.