Shirley had a three-sevenths interest in a partnership. She sold three-fifths of her interest for $27,000. a.

Question:

Shirley had a three-sevenths interest in a She sold three-fifths of her interest for $27,000.
a. What is the implied value of Shirley’s remaining interest?
b. What is the implied value of the entire Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...