Sam Sung and Mitchell Vaughn Are Partners,and Each Has a Capital

question 54

Multiple Choice

Sam Sung and Mitchell Vaughn are partners,and each has a capital balance of $50,000.To gain admission to the partnership,Amanda Scott pays $35,000 directly to Vaughn for one-half of his equity.Scott's capital account will reflect an equity interest of:

• A) $25,000.
• B) $35,000.
• C) $33,333.
• D) $33,750.

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