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Encisco and Ollinger are partners who share profits and losses equally and have capital balances of $280,000 and $245,000, respectively. Parks is admitted into the
Encisco and Ollinger are partners who share profits and losses equally and have capital balances of $280,000 and $245,000, respectively. Parks is admitted into the partnership by investing $245,000 for a 30% capital interest. The account balance of Ollinger, Capital after the admission of Parks would be Select one: O a. $252,000. O b. $231.000 O c. $238,000 O d. $245,000
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