Solved

Mindy and Heather Are Partners Who Have Agreed to Allow

Question 93

Multiple Choice

Mindy and Heather are partners who have agreed to allow Carol to purchase Heather's share for a direct payment of $20,000 to Heather.Mindy and Heather's previous capital balances were $8,000 and $12,000,respectively.What will be the amount in Carol's capital account?


A) $20,000
B) $8,000
C) $12,000
D) some other number

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions