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A partnership has the following capital balances: Comprix (30% of gains and losses) $ 180,000 Heflin (30%) 280,000 Kaplan (40%) 380,000 Mahar is going to

A partnership has the following capital balances:

Comprix (30% of gains and losses) $ 180,000
Heflin (30%) 280,000
Kaplan (40%) 380,000

Mahar is going to pay a total of $280,000 directly to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Heflins capital balance after the transaction?

Multiple Choice

  • $255,000

  • $273,000

  • $210,000

  • $280,000

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