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Lexi Invests $80,000 for a One-Fourth Interest in a Partnership

Question 45

Multiple Choice

Lexi invests $80,000 for a one-fourth interest in a partnership in which the other partners have capital totaling $160,000 before admitting Lexi.After distribution of the bonus,what is Lexi's capital balance?


A) $20,000
B) $40,000
C) $60,000
D) $80,000

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