The partnership of Gamma,Ginger,and Gert had total capital of $1,140,000 on December 31,2017,as follows: Profit and loss sharing percentages are shown in parentheses.
Assume that Grizelda became a partner by investing $300,000 in the Gamma,Ginger,and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued.Grizelda's capital credit should be:

Question

The partnership of Gamma,Ginger,and Gert had total capital of $1,140,000 on December 31,2017,as follows:  Profit and loss sharing percentages are shown in parentheses.
Assume that Grizelda became a partner by investing $300,000 in the Gamma,Ginger,and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued.Grizelda's capital credit should be:

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The Answer of The partnership of Gamma,Ginger,and Gert had total capital of $1,140,000 on December 31,2017,as follows:  Profit and loss sharing percentages are shown in parentheses.
Assume that Grizelda became a partner by investing $300,000 in the Gamma,Ginger,and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued.Grizelda's capital credit should be:

The Partnership of Gamma,Ginger,and Gert Had Total Capital of $1,140,000