Apartnership has the following capital balances: LO3 Elgin (40% of gains and losses).$100,000 Jethro (30%).200,000 Foy (30%).300,000

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Apartnership has the following capital balances: LO3 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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