Blau and Rubi are partners who share profits and losses in the ratio of 6:4, respectively. On
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Question:
Blau $60,000
Rubi 50,000
On that date, Lind was admitted as a partner with a one-third interest in capital and profits for an investment of $40,000. The new partnership began with total capital of $150,000. Immediately after Lind's admission, Blau's capital should be
$50,000
$54,000
$56,667
$60,000
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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