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A) $272,500 B) $190,000 C) $193,750 D) $195,625 Following are the capital account balances for the William, Jennings, and Bryan partnership: William (45% of gains
A) $272,500
B) $190,000
C) $193,750
D) $195,625
Following are the capital account balances for the William, Jennings, and Bryan partnership: William (45% of gains and losses) Jennings (45%) Bryan (10%) $240,000 190,000 170,000 Darrow invests $275,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jennings's capital balanceStep by Step Solution
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