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Juan Invests $120,000 for a One-Fifth Interest in a Partnership

Question 145

Multiple Choice

Juan invests $120,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $240,000 before admitting Juan.After distribution of the bonus,Juan's capital is


A) $120,000
B) $72,000
C) $96,000
D) $48,000

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