Mathematics, 03.06.2021 02:30 SmokeyRN

D. Givens purchases a 25% interest for $30,000 when the Suppan, Porter, James partnership has total capital of $270,000. Prior to the admission of Givens, each partner

has a capital balance of $90,000. Each partner relinquishes an equal amount of his capital

balance to Givens. The amount to be relinquished by James is

a. $15,000.

b. $19,000.

c. $22,500.

d. $37,500.

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D. Givens purchases a 25% interest for $30,000 when the Suppan, Porter, James partnership has total...

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