Partners X & Y have each invested $60,000.00 in a business. According to the articles of copartner ship Partner Y is to receive 20% interest on invested capital. How much of a distribution would Partner X receive?

a.	The same
b.	Undetermined
c.	$12,000
d.	None of the above

A new partner also may be admitted to the partnership by acquiring all or part of the capital interest of one or more existing partners in exchange for some consideration (assets). In this case, the new partner deals directly with

	a.	Existing partners
	b.	Selling partner(s)
	c.	Partnership itself
	d.	Legal Council