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1 Amir, Tamer and Sameer are partners in a partnership firm sharing profits and losses on the basis of 40:35:25 respectively and their capital balances

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Amir, Tamer and Sameer are partners in a partnership firm sharing profits and losses on the basis of 40:35:25 respectively and their capital balances are $100,000, 580,000& 540,000 respectively. Maher was admitted to the partnership firm by making an investment of $100,000 with 30% ownership interest. Amir, capital after admitting Maher is: a. $101,600 b. $89,400 O c. $100,000 O d. $104,000

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