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Question 14 Not yet answered On November 30, capital balances are Forsyth $720,000, Lagasse $600,000 and Kelly $600,000. The income ratios are 20%, 20% and
Question 14 Not yet answered 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? Marked out of 1.00 Flag question a. $672,000 b. $690,000 C. $528,000 d. $600,000
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