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Salim and Fahim are partners in a LLP have capital account balances of $30,000 and $20,000, respectively, and they share net income and losses in

Salim and Fahim are partners in a LLP have capital account balances of $30,000 and $20,000, respectively, and they share net income and losses in a 3 : 2 ratio. Karim invests $30,000 for a one-fourth interest in net assets. Salim capital balance after admission of Karim is:

a.

$24,000.

b.

$30,000.

c.

$36,000.

d.

$45,000.

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