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Problem 14-16 (Algo) (LO 14-9) Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William. Jennings, and Bryan partnership:
Problem 14-16 (Algo) (LO 14-9) Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the William. Jennings, and Bryan partnership: William (453) Jennings (45%) Bryan (10%) $210,000 160,000 140,000 Darrow invests $250,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jennings's capital balance? Multiple Choice $169,900 O $235.000 $160,000 O C $166,600
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