Sue Invests $10,000 for a One-Fourth Interest in a Partnership

question 121

Multiple Choice

Sue invests $10,000 for a one-fourth interest in a partnership in which the other partners have capital totaling $22,000 before admitting Sue. After distribution of the bonus, Sue's capital is:

• A) $10,000.
• B) $5,500.
• C) $3,000.
• D) $8,000.

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