Question
A partnership has the following capital balances: Comprix (50% of gains and losses) $ 100,000 Heflin (30%) 200,000 Kaplan (20%) 300,000 Mahar is going to
A partnership has the following capital balances:
| Comprix (50% of gains and losses) | $ | 100,000 |
| Heflin (30%) | 200,000 | |
| Kaplan (20%) | 300,000 | |
Mahar is going to pay a total of $201,000 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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Construction Contractors AICPA Audit And Accounting Guide
Authors: American Institute Of CPAs
1st Edition
0870519751, 978-0870519758
