Blau and Rubi are partners who share profits and losses in the ratio of 6:4, respectively. On May 1, 2006, their respective capital accounts were as follows:
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|
Blau |
$60,000 |
|
Rubi |
50,000 |
On that date, Lind was admitted as a partner with a one-third interest in capital and profits for an investment of $40,000. The new partnership began with total capital of $150,000. Immediately after Lind’s admission, Blau’s capital should be
- $50,000
- $54,000
- $56,667
- $60,000