Tom and Barb Are Partners Who Share Profits and Losses

Multiple Choice

Tom and Barb are partners who share profits and losses in the ratio of 6:4 for Tom and Barb, respectively. Their capital balances are $47,000 and $32,000, respectively. If Jane is admitted to the partnership for $28,000 for a one-fourth interest, her capital balance will be:

A) $35,667.
B) $15,000.
C) $28,000.
D) $26,750.