Assume that A, B and C have a capital of OMR 165000, OMR 70000 and...
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Accounting
Assume that A, B and C have a capital of OMR 165000, OMR 70000 and 125000 respectively. Assuming the income ratios are 4:3:2 respectively D acquires one 28% ownership (capital) interest in the partnership by making a cash investment of 90,000.
The closing balance of A, capital after admission of D will be:
Select one:
a. OMR36000
b. OMR109000
c. OMR90000
d. OMR54000
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