Multiple Choice
Partners Brian, Josh, and Chad have capital balances of $11,000, $12,000, and $86,000, respectively. The losses for the year are $14,000. What will Josh's capital balance be if the three partners share profits and losses at a 2:2:6 ratio for Brian, Josh, and Chad, respectively?
A) $9,200 debit balance
B) $8,200 debit balance
C) $2,800 debit balance
D) $9,200 credit balance
Correct Answer:
Verified
Correct Answer:
Verified
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