Multiple Choice
Paul and Roger are partners who share income in the ratio of 3:2. Their capital balances are $90,000 and $130,000 respectively. Income Summary has a credit balance of $50,000. What is Paul's capital balance after closing Income Summary to Capital?
A) $108,000
B) $120,000
C) $115,000
D) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
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