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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio (in ratio form: Caitlin, 3/10; Chris, 4/10; Molly, 3/10). The partnership's capital balances are Caitlin, $136,000; Chris, $96,000; and Molly, $116,000. Paul is admitted to the partnership on July 1 with a 10% equity and invests $176,000. The balance in Caitlin's capital account immediately after Paul's admission is: Multiple Choice $176,000 $98,920 $173,080 $145,440 $153,080
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