REFERENCE: Ref.14_05 Donald,Anne,and Todd Have the Following Capital Balances;$40,000,$50,000 and $30,000 Respectively.The

question 60

Multiple Choice

REFERENCE: Ref.14_05
Donald,Anne,and Todd have the following capital balances;$40,000,$50,000 and $30,000 respectively.The partners share profits and losses 20%,40%,and 40% respectively.
-What is the total partnership capital after Anne retires receiving $80,000 and using the bonus method?

• A)$20,000.
• B)$40,000.
• C)$60,000.
• D)$80,000.
• E)$100,000.