Danny Ortiz and Angela Hufford Are Partners,and Each Has a Capital

question 46

Multiple Choice

Danny Ortiz and Angela Hufford are partners,and each has a capital balance of $25,000.To gain admission to the partnership,Derek Peters pays $15,000 directly to Ortiz for one-half of his equity.After the admission of Peters,the total partners' equity in the records of the partnership will be

• A) $65,000.
• B) $62,500.
• C) $50,000.
• D) $75,000.

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