Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of…


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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of… 1 answer below ยป Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Benson”s capital balance after admitting Ramsey? a) $20,000 b) $25,000 c) $42,000 d) $18,000 Dec 08 2013 12:29 AM

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