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A partnership has the following capital balances: |
| Albert (40% of gains and losses) | $ | 80,000 |
| Barrymore (25%) | 100,000 | |
| Candroth (35%) | 140,000 | |
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Danville is going to invest $81,000 into the business to acquire a 30 percent ownership interest. Goodwill is to be recorded. What will be Danville’s beginning capital balance? (Round your final answer to the nearest whole dollar amount.) |
| $137,143. | |
| $81,000. | |
| $120,300. | |
| $96,000. |