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What is the balance of madeleines capital account

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Problem - At year end, Dartford LLP has the following capital balances:

Madeleine, capital           $140,000

Rick, capital                       100,000

Carmen, capital                80,000

Tom, capital                      70,000

The profit sharing ratios are Madeleine 30%, Rick 30%, Carmen 20%, Tom 20%. Carmen decides to leave the partnership and is paid $90,000 from the business based on the original contractual agreement. If the goodwill method is to be applied, what is the balance of Madeleine's capital account after Carmen withdraws.

a. $140,000

b. $115,000

c. $155,000

d. $90,000

Reference no: EM131639937

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