Multiple Choice
Tim and Bev are partners who share profits and losses in the ratio of 6:4.Their capital balances are $35,000 and $20,000,respectively.If Jenny is admitted to the partnership for $25,000 for a one-fourth interest,her capital balance will be:
A) $26,667.
B) $20,000.
C) $25,000.
D) $13,750.
Correct Answer:
Verified
Correct Answer:
Verified
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