In the ABC Partnership (To Which Daniel Seeks Admittance),the Capital

Multiple Choice

In the ABC partnership (to which Daniel seeks admittance) ,the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:

-Based on the preceding information,if no goodwill or bonus is recorded,how much should Daniel invest for a 20 percent interest?

A) $400,000
B) $200,000
C) $300,000
D) $250,000