Multiple Choice
Lambert invests $20,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $34,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital?
A) $18,000
B) $20,000
C) $6,667
D) $11,333
Correct Answer:
Verified
Correct Answer:
Verified
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