Help Save & Exit A partnership has the following capital balances with partners' profit and loss...
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Help Save & Exit A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically Burks (40%) Donovan (30%) $120,000 220,000 Watkins (30x) 320,000 =30 Ranzilla agrees to pay a total of $218.000 directly to these three partners to acquire a 25 percent ownership interest from each. The partnership will record goodwill besed on the new partner's payment. What is Donovan's capital balance after the transaction? $195,000 O $165,000 $220,000 O $212,700 Help Save & Exit A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically Burks (40%) Donovan (30%) $120,000 220,000 Watkins (30x) 320,000 =30 Ranzilla agrees to pay a total of $218.000 directly to these three partners to acquire a 25 percent ownership interest from each. The partnership will record goodwill besed on the new partner's payment. What is Donovan's capital balance after the transaction? $195,000 O $165,000 $220,000 O $212,700
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