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1 A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically: Henry (40%). Thomas (20%) Catherine (40%) $ 50,000

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1 A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically: Henry (40%). Thomas (20%) Catherine (40%) $ 50,000 60,000 120,000 Anne is going to invest $60,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Anne's beginning capital balance? $69,000 $60,000 $98,571 $87,000

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