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Tarique and Blossom are in partnership. The following balances are extracted for the year ending December 31, 2020: Amount 58,500 268,500 Details Net profit for
Tarique and Blossom are in partnership. The following balances are extracted for the year ending December 31, 2020: Amount 58,500 268,500 Details Net profit for the year Cash Closing current account balances: Tarique (debit balance) Blossom (credit balance) Capital Tarique Blossom 67,800 52,300 50,000 40,000 What is the total equity that should be shown in the balance sheet for the partners? Select one: O a. $133,000 O b. $105,500 0 c. $164,000
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