Comprix (35% of gains and losses). Heflin (40%) Kaplan (25%) $150,000 300,000 320,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A partnership has the following capital balances:

Mahar is going to pay a total of $200,000 directly to these three partners to acquire a 25 percent ownership interest from each. Goodwill is to be recorded. What is Heflin’s capital balance after the transaction?

  1. $225,000
  2. $234,000
  3. $312,000
  4. $234,000
  5. $360,000
Comprix (35% of gains and losses).
Heflin (40%)
Kaplan (25%)
$150,000
300,000
320,000
Transcribed Image Text:Comprix (35% of gains and losses). Heflin (40%) Kaplan (25%) $150,000 300,000 320,000
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