Nancy invests $60,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $120,000 before admitting Nancy. After distribution of the bonus, Nancy's capital is
A) $60,000
B) $36,000
C) $48,000
D) $24,000

Question

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The Answer of Nancy invests $60,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $120,000 before admitting Nancy. After distribution of the bonus, Nancy's capital is
A) $60,000
B) $36,000
C) $48,000
D) $24,000

Nancy Invests $60,000 for a One-Fifth Interest in a Partnership