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Business, 11.09.2019 05:30 ineedhelp2285

In the ad partnership, allen's capital is $140,000 and daniel's is $40,000 and they share income in a 3: 1 ratio, respectively. they decide to admit david to the partnership. each of the following questions is independent of the others.
refer to the information provided above. david invests $40,000 for a one-fifth interest in the total capital of $220,000. what are the capital balances of allen and daniel after david is admitted into the partnership?
allen daniel
a) 16 6
b) 136000 36000
c) 14 4
d) 137000 39000
a. option a
b. option b
c. option c
d. option d

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In the ad partnership, allen's capital is $140,000 and daniel's is $40,000 and they share income in...

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