Force and Zabala Are Partners

question 89

Multiple Choice

Force and Zabala are partners.Force's capital balance in the partnership is $98,000 and Zabala 's capital balance is $53,000.Force and Zabala have agreed to share equally in income or loss.Force and Zabala agree to accept Burns with a 25% interest.Burns will invest $56,000 in the partnership.Which of the following statements is correct?

• A)Force's capital balance after the admission of Burns is $50,875
• B)Burns' capital after admission is $51,750.
• C)Zabala's capital after the admission of Burns is $98,000.
• D)Burns' capital after admission is $56,000.
• E)Force's capital balance after the admission of Burns is $53,000.

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