Sam McGuire and Marcos Valle Are Partners,and Each Has a Capital

question 14

Multiple Choice

Sam McGuire and Marcos Valle are partners,and each has a capital balance of $50,000.To gain admission to the partnership,Scott Jordan pays $35,000 directly to Valle for one-half of his equity.After the admission of Jordan,the total partners' equity in the records of the partnership will be

• A) $50,000.
• B) $67,500.
• C) $85,000.
• D) $100,000.

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