The partnership of Gamma, Ginger, and Gert had total capital of $1,140,000 on December 31, 2014, as follows: $\begin{array}{lr}
\text { Gamma, Capital (30\%) } & \$ 360,000 \
\text { Ginger, Capital }(45 \%) & 510,000 \
\text { Gert, Capital }(25 \%) & 270,000 \
\text { Total } & \$ 1,140,000
\end{array}$ Profit and loss sharing percentages are shown in parentheses.
Assume that Grizelda became a partner by investing $300,000 in the Gamma, Ginger, and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued.Grizelda's capital credit should be

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The Answer of The partnership of Gamma, Ginger, and Gert had total capital of $1,140,000 on December 31, 2014, as follows: $\begin{array}{lr}
\text { Gamma, Capital (30\%) } & \$ 360,000 \
\text { Ginger, Capital }(45 \%) & 510,000 \
\text { Gert, Capital }(25 \%) & 270,000 \
\text { Total } & \$ 1,140,000
\end{array}$ Profit and loss sharing percentages are shown in parentheses.
Assume that Grizelda became a partner by investing $300,000 in the Gamma, Ginger, and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued.Grizelda's capital credit should be

The Partnership of Gamma, Ginger, and Gert Had Total Capital