Question
Ronald decided to start a construction project with his two siblings, Stephanie and Brooke. The three of them invested $246,000, $878,000, and $719,000, respectively. After
Ronald decided to start a construction project with his two siblings, Stephanie and Brooke. The three of them invested $246,000, $878,000, and $719,000, respectively. After the complex was built, Stephanie decided to sell her share of the investment to Ronald and Brooke.
How much did each of them have to pay if they wanted to maintain the original ratio of their investments in the complex?
a. Ronald would have to pay: Round to the nearest cent
b. Brooke would have to pay: Round to the nearest cent
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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