Dan, Evan and Flora are partners who share income in a 5:4:3 ratio. Each has a capital balance of $150,000. Dan retires from the partnership and is paid $165,000. In recording the retirement, no change was made to Evan's capital account. Which method of recording the retirement was used?

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The Answer of Dan, Evan and Flora are partners who share income in a 5:4:3 ratio. Each has a capital balance of $150,000. Dan retires from the partnership and is paid $165,000. In recording the retirement, no change was made to Evan's capital account. Which method of recording the retirement was used?

Dan, Evan and Flora Are Partners Who Share Income in a 5:4:3