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Doris invests $10,000 for a one-third interest in a 10. partnership in which the other partners h capital totaling $26,000 before admitting Doris. After distribution
Doris invests $10,000 for a one-third interest in a 10. partnership in which the other partners h capital totaling $26,000 before admitting Doris. After distribution of the bonus, what is Doris's capital? (3 Pt) a.S5.333 b.S8,667 c.S10,000 d.S12,000 A partner invests into a partnership a building with a $25,000 carrying value and $40,000 11 market value. The related mortgage payable of $12,500 is assumed by the partnership. The entry to rec the investment in partnership is: (2 Pt) a.Building 25,000 Mortgage Payable Capital 12,500 12,500 |b. Building Mortgage Payable Capital 40,000 12,500 27,500 c.|Capital Mortgage Payable Building 40,000 12,500 27,500 d.Capital 25,000 Mortgage Payable Building 12,500 12,500
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