D Dieker Purchases a 25% Interest for $30,000 When the Reeves

question 21

Multiple Choice

D. Dieker purchases a 25% interest for $30,000 when the Reeves, Porter, Kiner partnership has total capital of $270,000. Prior to the admission of Dieker, each partner has a capital balance of $90,000. Each partner relinquishes an equal amount of his capital balance to Dieker. The amount to be relinquished by Kiner is

• A) $15,000.
• B) $19,000.
• C) $22,500.
• D) $37,500.

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