Question
A partnership has the following capital balances: Comprix (50% of gains and losses) $ 200,000 Heflin (25%) 300,000 Kaplan (25%) 400,000 Mahar is going to
A partnership has the following capital balances:
| Comprix (50% of gains and losses) | $ | 200,000 |
| Heflin (25%) | 300,000 | |
| Kaplan (25%) | 400,000 | |
Mahar is going to pay a total of $298,000 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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The Next Step Advanced Medical Coding And Auditing 2013
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
1455744859, 978-1455744855
