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Not yet answered Marked out of 1.00 20 On November 30, capital balances are Forsyth $720,000, Lagasse $600,000 and Kelly $600,000. The income ratios are
Not yet answered Marked out of 1.00 20 On November 30, capital balances are Forsyth $720,000, Lagasse $600,000 and Kelly $600,000. The income ratios are 20%, 20% and 60% respectively. Forsythia decides to retire from the partnership. The partnership pays Forsyth $600,000 cash for her partnership interest. After Forsyth's retirement, what is the balance of Kelly's capital ?account .a $600,000 O o .b $528,000 . $672,000 O .d $690,000
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