Mathematics, 03.06.2021 02:30, SmokeyRN
D. Givens purchases a 25% interest for $30,000 when the Suppan, Porter, James
partnership has total capital of $270,000. Prior to the admission of Givens, each partner
has a capital balance of $90,000. Each partner relinquishes an equal amount of his capital
balance to Givens. The amount to be relinquished by James is
a. $15,000.
b. $19,000.
c. $22,500.
d. $37,500.
Answers: 2
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D. Givens purchases a 25% interest for $30,000 when the Suppan, Porter, James
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