ultiple Attempts This test allows 2 attempts. This is attempt number 1 rce Compl

Question

ultiple Attempts This test allows 2 attempts. This is attempt number 1 rce Completion Once started,this test must be completed in one siting Do not leave the This test does not allow backtracking. Changes to the answer after submission are prohbited Moving to the next question prevents changes to this answer stion 6 4 points Save An s of $90,000 each. The income and loss rarno is 523, respectively. In the process of liquidating the assets with a book value of $75,000 are sold for $30,000. The balance of Beth's Capital ac a. $67,500. Ob. $99,0o0. c. $76,500 d $81,000. > Moving to the next question prevents changes to this answer

Explanation / Answer

Calculate capital balance :

So answer is d) $81000

Ana Beth Cathy Beginning capital balance 90000 90000 90000 Loss on sale of non cash assets (75000-30000) -22500 -9000 -13500 Ending capital balance 67500 81000 76500

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