Question
A partnership has the following capital balances: Carpenter (40% of gains and losses) $ 140,000 Dane (30%) 280,000 Elkhart (30%) 340,000 Krystal is going to
| A partnership has the following capital balances: |
| Carpenter (40% of gains and losses) | $ | 140,000 |
| Dane (30%) | 280,000 | |
| Elkhart (30%) | 340,000 | |
| Krystal is going to pay a total of $240,000 to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Danes capital balance after the transaction? |
$210,000.
$255,000.
$340,000.
$352,000.
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Performance Audit Department Of Highways Preconstruction And Construction Activities
Authors: Montana. Legislature. Office Of The Legi
1st Edition
1175365823, 978-1175365828
