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Partners V, B and S have a partnership.Pertinent information is as follows: Verst 30% Brown 50% Sullivan 20% Capital balance Vest: 50,000 Brown: 120,000 Sullivian:
Partners V, B and S have a partnership.Pertinent information is as follows:
Verst 30%
Brown 50%
Sullivan 20%
Capital balance
Vest: 50,000
Brown: 120,000
Sullivian: 30,000
Partner S retires and the partnership pays him $35,000.What is the balance in V's capital account after the sale assuming this transaction was accounted for using the bonus method?
Select one:
a.51,667
b.48,333
c.48,125
d.50,000
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