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In their business partnership, George has an ownership interest of 62% and Ben has an ownership interest of 38%. In the current year, they purchase
In their business partnership, George has an ownership interest of 62% and Ben has an ownership interest of 38%. In the current year, they purchase equipment for $9,800. In order to finance the equipment purchase, George makes a contribution of $6,600 information provided, which of the following is true regarding the partnership balance sheet? 0 70. and Ben makes a contribution of $3,200 to the partnership. Based on the O A. George, Capital will increase by $6,600 and Ben, Capital will increase by $3,200. O B. George, Capital will increase by $9,800 and Ben, Capital will remain unchanged. O C. Both George, Capital and Ben, Capital will increase by $9,800. O D. George, Capital will increase by $6,076 and Ben, Capital will increase by $3,724. bed
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