Reference no: EM132772361
Problem 1: Before the admission of C, B decided to retire A acquires B's interest for 180,000 How much is the capital balance of A after the retirement of B?
a. 200,000
b. 264,000
C. 280,000
d. 320,000
Problem 2: Before admission of C, B Decides to retire the partnership pays B 180,000 in settlement of his partnership interest. How much is the capital balance of A after the retirment of B?
a. 200,000
b. 140,000
c. 260,000
d. 320,000
Problem 3: Using the Case in# 1 above, how much is the total Equity of the partnership after the retirement of B
a. 320,000
b. 440,000
c. 240,000
d. 500,000
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