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A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically: Burks (50% ) $ 100,000 Donovan (25%) 200,000 Watkins (25%)
A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically: Burks (50% ) $ 100,000 Donovan (25%) 200,000 Watkins (25%) 300,000 Ranzilla agrees to pay a total of $202,500 directly to these three partners to acquire a 25 percent ownership interest from each. The partnership will record goodwill based on the new partner's payment. What is Donovans capital balance after the transaction?
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