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11. Ames and Buell are partners who share profits and losses in the ratio of 3:2, respectively. On August 31, 20X6, their capital accounts were
11. Ames and Buell are partners who share profits and losses in the ratio of 3:2, respectively. On August 31, 20X6, their capital accounts were as follows: Ames $70,000 Buell 60,000 $130,000 On date they agreed to admit Carter as a partner with a one-third interest in the capital and profits and losses, for an investment of $50,000. The new partnership will begin with a total capital of $180,000. Immediately after Carter's admission, what are the capital balances of the partners? Ames Buell Carter $60,000 $60,000 $60,000 b. $63,333 $56,667 $60,000 $64,000 $56,000 $60,000 d. $70,000 $60,000 $50,000 a. C
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