Partner C retires and the partnership pays him $$45,000.$ ?What is the balance of Partner A$\text{'}$s capital account after the sale and assuming Goodwill is recognized by all of the partners? What is the balance of Partner A$\text{'}$s capital account after the sale and assuming Goodwill is recognized by Partner C only?

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A,B and C have a partnership as follows: A B Capital balances $60,000 $150,000 Profit/Loss percent 30% 40% $40,000 30% A,B and C have a partnership as follows: A B Capital balances $60,000 $150,000 Profit/Loss percent 30% 40% $40,000 30%

Answer rating: 100% (QA)

Goodwill recognized by all partners The total amount paid to retiring partner C is 45000 ... View the full answer