Rex and Sandy are partners.Rex has a capital balance of $370,000 and Sandy has a capital balance of $280,000.Marcus invests a building worth $220,000 in order to acquire an interest in the partnership.What is Marcus's partnership share after he makes the investment? (Assume no bonus to any partner. )

Question

Quizplus · Accepted Answer

A)Marcus's share in the partnership after the investment
= $220,000 / ($370,000 + $280,000 + $220,000)= $220,000 / $870,000 = 25.3%

Rex and Sandy Are Partners