
Concept explainers
At year-end, the Circle City
Manning, Capital . . . . . . . . . $130,000
Gonzalez, Capital . . . . . . . . 110,000
Clark, Capital . . . . . . . . . . . . 80,000
Freeney, Capital . . . . . . .. . . 70,000
The payment made to Clark beyond his capital account was for Clark’s share of previously unrecognized
Clark withdraws? Choose the correct. a. $133,000 b. $137,500 c. $140,000 d. $145,000

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