Homework answers / question archive / A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:  Henry (60%) Thomas (25%) Catherine (15%)  $ 76,000 90,000 130,000  Anne is going to invest $75,000 into the business to acquire a 30 percent ownership interest

A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically:  Henry (60%) Thomas (25%) Catherine (15%)  $ 76,000 90,000 130,000  Anne is going to invest $75,000 into the business to acquire a 30 percent ownership interest

Accounting

Share With

A partnership has the following capital balances with partners' profit and loss percentages indicated parenthetically: 
Henry (60%) Thomas (25%) Catherine (15%) 
$ 76,000 90,000 130,000 
Anne is going to invest $75,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Anne's beginning capital balance? 
Multiple Choice 
O $75,000 
O $111,300 
O $88,800 
O $126,857