Question
Bea and Gerald are partners who has a capital of 90,000 each and share profits and losses equally. The offer is to admit Julia for
Bea and Gerald are partners who has a capital of 90,000 each and share profits and losses equally. The offer is to admit Julia for one-third interest in the firm upon her investment of an amount equal to the agreed capital as a new partner. What is the partnership's agreed capital?*
A) 180,000
B) 135,000
C) 90,000
D) 270.000
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
