Encisco and Ollinger are partners who share profits and losses equally and have capital balances of $280000 and $245000 respectively. Parks is admitted into the partnership by investing $245000 for a 30% capital interest. The account balance of Ollinger Capital after the admission of Parks would be

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The Answer of Encisco and Ollinger are partners who share profits and losses equally and have capital balances of $280000 and $245000 respectively. Parks is admitted into the partnership by investing $245000 for a 30% capital interest. The account balance of Ollinger Capital after the admission of Parks would be

Encisco and Ollinger Are Partners Who Share Profits and Losses