Question
A partnership has the following capital balances: Comprix (50% of gains and losses) $ 100,000 Heflin (25%) 200,000 Kaplan (25%) 300,000 Mahar is going to
A partnership has the following capital balances:
| Comprix (50% of gains and losses) | $ | 100,000 |
| Heflin (25%) | 200,000 | |
| Kaplan (25%) | 300,000 | |
Mahar is going to pay a total of $202,500 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
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$150,000
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$175,000
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$200,000
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$189,375
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
978-1259722639
