Question
0/1 5/1 6 Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: points awarded Scored
0/1 5/1 6 Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: points awarded Scored Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The partnership's capital balances are Caitlin, $130,000; Chris, $90,000; and Molly, $110,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $70,000. The balance in Caitlin's capital account immediately after Paul's 0/1 admission is: points awarded Scored Multiple Choice $80,000 points awarded $127,000 D/1 points awarded $70,000 Scored $133,000 $130,000
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