Chad Invests $20,000 for a One-Third Interest in a Partnership

question 39

Multiple Choice

Chad invests $20,000 for a one-third interest in a partnership in which the other partners have capital totaling $52,000 before admitting Chad.After distribution of the bonus,what is Chad's capital?

• A)$10,666
• B)$17,334
• C)$20,000
• D)$24,000

---

Definitions:

Reused

The action of using something again, whether in its original form or with minimal alteration, to reduce waste and save resources.

FDA (Food and Drug Administration)

A federal agency responsible for protecting public health by regulating food safety, pharmaceuticals, medical devices, cosmetics, and other products.

Prescription Drugs

Medications that legally require a medical prescription to be dispensed.