Lexi Invests $80,000 for a One-Fourth Interest in a Partnership

question 45

Multiple Choice

Lexi invests $80,000 for a one-fourth interest in a partnership in which the other partners have capital totaling $160,000 before admitting Lexi.After distribution of the bonus,what is Lexi's capital balance?

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

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