_____ Ames and Buell are partners who share profits and losses in the ratio of 3:2, respectively. On 8/31/06, their capital accounts were as follows:
On that date, they agreed to admit Carter as a partner with a one-third interest in the capital and profits and losses, for an investment of $50,000. The new partnership will begin with a total capital of $180,000. The partners' capital balances immediately after Carter's admission are:

Question

_____ Ames and Buell are partners who share profits and losses in the ratio of 3:2, respectively. On 8/31/06, their capital accounts were as follows:
  On that date, they agreed to admit Carter as a partner with a one-third interest in the capital and profits and losses, for an investment of $50,000. The new partnership will begin with a total capital of $180,000. The partners' capital balances immediately after Carter's admission are:

Quizplus · Accepted Answer

The Answer of _____ Ames and Buell are partners who share profits and losses in the ratio of 3:2, respectively. On 8/31/06, their capital accounts were as follows:
  On that date, they agreed to admit Carter as a partner with a one-third interest in the capital and profits and losses, for an investment of $50,000. The new partnership will begin with a total capital of $180,000. The partners' capital balances immediately after Carter's admission are:

_____ Ames and Buell Are Partners Who Share Profits and Losses