Question
A partnership has the following capital balances: Comprix (35% of gains and losses) $ 150,000 Heflin (40%) 300,000 Kaplan (25%) 320,000 Mahar is going to
A partnership has the following capital balances:
| Comprix (35% of gains and losses) | $ | 150,000 |
| Heflin (40%) | 300,000 | |
| Kaplan (25%) | 320,000 | |
Mahar is going to pay a total of $200,000 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?
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ISE International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th Edition
1260547981, 9781260547986
