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Gable and Devito share partnership profits and losses in the ratio of 6:4. Gable's Capital account balance is $160000 and Devito's Capital account balance is $100000. Nance is admitted to the partnership by investing $180000 and is to receive a one-fourth ownership interest. Gable Devito and Nance's capital balances after Nance's investment will be Gable Devito Nance \begin{array} { c c c } &&&\text { Gable }& \text { Devito } && \text { Nance } \\\end{array} Gable Devito Nance
A) $160,000$100,000$180,000\begin{array} { c c c } & \$ 160,000 & \$ 100,000 & \$ 180,000 \\\end{array}$160,000$100,000$180,000
B) $202,000$128,000$110,000\begin{array} { c c c } & \$ 202,000 & \$ 128,000 & \$ 110,000 \\\end{array}$202,000$128,000$110,000
C) $198,000$132,000$110,000\begin{array} { c c c } & \$ 198,000 & \$ 132,000 & \$ 110,000 \\\end{array}$198,000$132,000$110,000
D) $195,000$135,000$110,000\begin{array} { c c c } & \$ 195,000 & \$ 135,000 & \$ 110,000\end{array}$195,000$135,000$110,000
On May 08, 2024