Lambert Invests $20,000 for a 1/3 Interest in a Partnership

question 108

Multiple Choice

Lambert invests $20,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $34,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital?

• A) $18,000
• B) $20,000
• C) $6,667
• D) $11,333

---

Definitions:

Gilligan

A last name associated with various individuals, including Carol Gilligan, an American feminist, ethicist, and psychologist known for her work in moral development.

Doctoral Degrees

Advanced academic degrees awarded by universities, representing the highest level of education in a specific field of study.

Female Graduates

Women who have completed their studies and received degrees from educational institutions.

College Enrollment

The process of registering and being admitted into a college or university program.