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4 The END partnership has the following capital balances as of the end of the current year 10 $310,000 Adams Fergie Gomez Total capital eterencesa.
4 The END partnership has the following capital balances as of the end of the current year 10 $310,000 Adams Fergie Gomez Total capital eterencesa. Assume that the partners share profits and losses 3322 respectively. Fergie retires and is paid $285,000 based on the terms of the original partnership agreement If the goodwill method is used, what is the capital balance of the remaining three partners? Gomez b. Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $365.000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? Do not round your Intermedlate calculations. Round your final answers to the nearest doller amounts.) Fergie
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