Lambert Invests $20,000 for a 1/3 Interest in a Partnership

question 108

Multiple Choice

Lambert invests $20,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $34,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital?

• A) $18,000
• B) $20,000
• C) $6,667
• D) $11,333

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Definitions:

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