Ann and Barb had capital balances of $75,000 and $150,000 respectively when Cindy invested $165,000 for a 40% ownership

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Ann and Barb had capital balances of $75,000 and $150,000 respectively when Cindy invested $165,000 for a 40% ownership

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Ann And Barb Had Capital Balances Of 75 000 And 150 000 Respectively When Cindy Invested 165 000 For A 40 Ownership 1
Ann And Barb Had Capital Balances Of 75 000 And 150 000 Respectively When Cindy Invested 165 000 For A 40 Ownership 1 (17.43 KiB) Viewed 15 times
Ann and Barb had capital balances of $75,000 and $150,000 respectively when Cindy invested $165,000 for a 40% ownership of the business. Ann and Barb share profits and losses in a 40:60 ratio. Which statement is correct? O Cindy's capital account will be debited for $165,000. O Cindy's capital account will be debed for $156,000. O Cindy's capital account will be credited for $165,000. O Cindy's capital account will be credited for $156,000. Save for Later Submit Answer
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