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Doris Invests $10,000 for a One-Third Interest in a Partnership

Question 31

Multiple Choice

Doris invests $10,000 for a one-third interest in a partnership in which the other partners have capital totaling $26,000 before admitting Doris. After distribution of the bonus, what is Doris's capital?


A) $5,333
B) $8,667
C) $10,000
D) $12,000

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