A local partnership has two partners, Jim and Pam. Jim has a capital balance of...
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Accounting
A local partnership has two partners, Jim and Pam. Jim has a capital balance of $150,000 and Pam has a capital balance of $125,000. These two partners share profits and losses 60 percent (Jim) and 40 percent (Pam). Cece invests $75,000 in cash in the partnership for a 25 percent ownership. The bonus method will be used. What is Ceces capital balance after this new investment?
a. 120000
b. 130000
c. 87500
d. 142500
e. 157500
I dont need the works, plz just give me the correct answer asap~ THnx.
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