Lambert invests 15714 for a 13 interest in a partnership in

Lambert invests $15,714 for a 1/3 interest in a partnership in which the other partners have capital totaling $41,763 before admitting Lambert. After distribution of the bonus, what is Lambert\'s capital? a. $15,714 b. $5,238 c. $28,739 d. $19,159

Solution

Lambert\'s capital =(41763+15714)/3= $19159 Option D is correct
Lambert invests $15,714 for a 1/3 interest in a partnership in which the other partners have capital totaling $41,763 before admitting Lambert. After distributi

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