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Sara Invests $120,000 for a 30 Percent Interest in a Partnership

Question 30

Multiple Choice

Sara invests $120,000 for a 30 percent interest in a partnership in which the other partners have capital totaling $200,000 before admitting Sara.After distribution of the bonus,what is Sara's capital balance?


A) $60,000
B) $96,000
C) $120,000
D) $144,000

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