Question
a Partnership has the following capital balances. Jones (40%)............ $140,000 Smith (25%) ............ 65,000 Poor (35%) ............... 75,000 Sally is going to contribute $170,000 to
a Partnership has the following capital balances.
Jones (40%)............ $140,000
Smith (25%) ............ 65,000
Poor (35%) ............... 75,000
Sally is going to contribute $170,000 to acquire a 30% ownership interest. Goodwill is to be recorded. What will be sally's beginning capital balance?
| a. $170,000. | ||
| b. $125,000. | ||
| c. $200,000 | ||
| d. $85,000. |
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Forensic Accounting In Detecting Financial Frauds
Authors: Motilal Balram Bhavnani
1st Edition
979-8889950707
