Multiple Choice
Bernstein is brought into the partnership.His capital is equal to his net that he brings to the partnership.He brings assets of $167,000 and liabilities of $27,000.His capital balance will be:
A) $30,000 (cash invested) .
B) $167,000 (total of all assets invested) .
C) $140,000.
D) $137,000.
Correct Answer:
Verified
Correct Answer:
Verified
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