QUESTION 11 The Craig-Doran Partnership owns inventory that was purchased for $85,000, has a current replacement cost of $54,500, and is priced to sell for $98,000. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted? a $54,500 b.$79,167 c.$85,000 d.$98,000 QUESTION 12 Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000, respectively. Income Summary has a credit balance of S$0.000 after the second closing entry. What is Roger's capital balance affer closing Income Summary to the capital accounts? a. $115,000 b.$150,000 a.$155,000 d.$110,000 QUESTION 13 Xavier and Yolanda have original investments of $50,000 and $100,000,rspectively, in a partnership. The artiles of partnership include the following provisions regarding the div on of net in nne: interest on original investment at 20% salary allowances of S34,000 and S26, respectively, and the remainder to be divided equally. How much of the net income of $120,000 is allocated to Xavier? a. $49,000 b.$61,000 c $59,000 d.$44,000 QUESTION 14 of the initial investment, Ray Blake contributes equipment that had originally cost $125,000 and on which accumulated depreciation of $100,000 has been recorded. If similar equipment would cost $150,000 to replace debited to the equipment account? and the partners agree on a valuation of $29,000 for the contributed equipment, what amount should be