In the ABC partnership (to which Daniel seeks admittance),the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:

-Based on the preceding information,if no goodwill or bonus is recorded,how much should Daniel invest for a 20 percent interest?
A)$400,000
B)$200,000
C)$300,000
D)$250,000

Question

In the ABC partnership (to which Daniel seeks admittance),the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:
 
-Based on the preceding information,if no goodwill or bonus is recorded,how much should Daniel invest for a 20 percent interest?
A)$400,000 
B)$200,000 
C)$300,000 
D)$250,000

Quizplus · Accepted Answer

The Answer of In the ABC partnership (to which Daniel seeks admittance),the capital balances of Albert,Bert,and Connell,who share income in the ratio of 5:3:2 are:
 
-Based on the preceding information,if no goodwill or bonus is recorded,how much should Daniel invest for a 20 percent interest?
A)$400,000 
B)$200,000 
C)$300,000 
D)$250,000

In the ABC Partnership (To Which Daniel Seeks Admittance),the Capital