A,B and C have a partnership as follows:
$$\begin{array} { | l | l | l | l | }
\hline & \text { A } & \text { B } & \text { C } \
\hline \text { Capital balances } & \$ 60,000 & \$ 150,000 & \$ 40,000 \
\hline \text { Profit/Loss percent } & 30 \% & 40 \% & 30 \% \
\hline
\end{array}$$
Partner C retires and the partnership pays him $45,000.what is the balance is Partner A Capital account after the sale and assuming Goodwill is recognized by Partner C only

Question

A,B and C have a partnership as follows: 
$$\begin{array} { | l | l | l | l | } 
\hline & \text { A } & \text { B } & \text { C } \
\hline \text { Capital balances } & \$ 60,000 & \$ 150,000 & \$ 40,000 \
\hline \text { Profit/Loss percent } & 30 \% & 40 \% & 30 \% \
\hline
\end{array}$$ 
Partner C retires and the partnership pays him $45,000.what is the balance is Partner A Capital account after the sale and assuming Goodwill is recognized by Partner C only

Quizplus · Accepted Answer

The Answer of A,B and C have a partnership as follows: 
$$\begin{array} { | l | l | l | l | } 
\hline & \text { A } & \text { B } & \text { C } \
\hline \text { Capital balances } & \$ 60,000 & \$ 150,000 & \$ 40,000 \
\hline \text { Profit/Loss percent } & 30 \% & 40 \% & 30 \% \
\hline
\end{array}$$ 
Partner C retires and the partnership pays him $45,000.what is the balance is Partner A Capital account after the sale and assuming Goodwill is recognized by Partner C only

A,B and C Have a Partnership as Follows Partner C Retires and the Partnership Pays Him $45,000