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REFERENCE: Ref.14_04 Peter,Roberts,and Dana Have the Following Capital Balances;$80,000,$100,000 and $60,000 Respectively.The

Question 17

Multiple Choice

REFERENCE: Ref.14_04
Peter,Roberts,and Dana have the following capital balances;$80,000,$100,000 and $60,000 respectively.The partners share profits and losses 20%,40%,and 40% respectively.
-What is the total partnership capital after Roberts retires receiving $160,000 and using the goodwill method?


A) $20,000.
B) $60,000.
C) $80,000.
D) $120,000.
E) $230,000.

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