A partnership has the following capital balances: Natalie (70% of gains and...
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Accounting
A partnership has the following capital balances:
Natalie (70% of gains and losses)..$200,000
Annie (30% of gains and losses).....$150,000
Rachel is going to pay a $80,000 to these two partners to acquire a 20% interest from each. Goodwill is to be recorded. Whats Natalies capital balance after the transaction?
A partnership has the following capital balances:
Natalie (70% of gains and losses)..$200,000
Annie (30% of gains and losses).....$150,000
Rachel is going to pay a $80,000 to these two partners to acquire a 20% interest from each. Goodwill is to be recorded. Whats Natalies capital balance after the transaction?
$216,000
$200,000
$188,000
$235,000
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