Multiple Choice
Fiona and Jason have capital balances of $40 000 and $80 000 respectively and use the variable capital balances method. If their profit/loss sharing ratios are Fiona 25% and Jason 75%, the balance of Fiona's capital account after a net loss of $50 000 is:
A) $23 333
B) $27 500
C) $10 000
D) $52 500
Correct Answer:
Verified
Correct Answer:
Verified
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