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Multiple Choice Question 141 On November 30, capital balances are Forsyth $211000, Lagassi 591000 and Kelly $S91000. The income ratios are 20%,20% and 60% respectively.
Multiple Choice Question 141 On November 30, capital balances are Forsyth $211000, Lagassi 591000 and Kelly $S91000. The income ratios are 20%,20% and 60% respectively. Forsyth decides to retire from the partnership In order for Lagaw and Kelly to have equal capital interests after the retirement of Forsyth, how much partnership cash would have to be paid to Forsyth for her partnership Interest? Oso. 5711000 $631000 Any amount paid to Forsyth will cause Lagassi and Kelly to still have equal capital balances
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