Tim and Bev Are Partners Who Share Profits and Losses

question 42

Multiple Choice

Tim and Bev are partners who share profits and losses in the ratio of 6:4 for Tim and Bev,respectively.Their capital balances are $45,000 and $25,000,respectively.If Jenny is admitted to the partnership for $25,000 for a one-fourth interest,her capital balance will be:

• A)$26,667.
• B)$20,000.
• C)$25,000.
• D)$23,750.

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