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Use the Following Additional Information to Answer Questions Bellow

Question 47

Multiple Choice

Use the following additional information to answer Questions bellow :
Now assume Gustafson paid $90,000 for a 20% interest in partnership capital.
-If the bonus method of admission is used, Gustafson's capital balance is:


A) $ 90,000
B) $103,000
C) $108,000
D) $ 85,000

Correct Answer:

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