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Business, 17.12.2019 20:31 jisalinas5576

At year-end, the circle city partnership has the following capital balances:
manning, capital $130,000
gonzalez, capital 110,000
clark, capital 80,000
freeney, capital. 70,000
profits and losses are split on a 3: 3: 2: 2 basis respectively. clark decides to leave the partnership and is paid $90,000 from the business based on the original contractual agreement.

using the goodwill method, what is manning’s capital balance after clark withdraws?
a. $133,000.
b. $137,500.
c. $140,000.
d. $145,000.

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Answers: 1

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At year-end, the circle city partnership has the following capital balances:
manning, capita...
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