A partnership has the following capital balances: Arlo (50% of gains and losses) Band (30%) Carlyle (20%) $ 96,000 120,000 180,000 David is going to invest $105,000 Into the business to acquire a 30 percent ownership Interest. Goodwill is to be recorded. What will be David's beginning capital balance? $150,300 $169,714 $105,000 $118,800 A local partnership is considering possible liquidation because one of the partners (Bell) is insolvent. Capital balances at the current time are as follows. Profits and losses are divided on a 4:3:2:1 basis, respectively. Bell, capital Hardy, capital Dennard, capital Suddath, capital $ 111,000 93,000 10,000 104,000 Bell's creditors have filed a $45,000 claim against the partnership's assets. The partnership currently holds assets reported at $540,000 and liabilities of $222,000. If the assets can be sold for $310,000, what is the minimum amount that Bell's creditors would receive? $4,600. $0. $1,000 $19,000 A partnership begins its first year with the following capital balances: Alfred, Capital Bernard, Capital Collins, Capital $ 56,000 66,000 76,000 The articles of partnership stipulate that profits and losses be assigned in the following manner: Each partner is allocated interest equal to 8 percent of the beginning capital balance. Bernard is allocated compensation of $12,000 per year. - Any remaining profits and losses are allocated on a 3:3:4 basis, respectively. . Each partner is allowed to withdraw up to $4,000 cash per year. . Assuming that the net Income is $66,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year? $97,344. $81,896. $82,080 $93,344