KYLE INVESTS $20,000 IN A PARTNERSHIP THAT HAS FIVE OTHER PARTNERS. THE TOTAL INVESTMENT OF THE PARTNERS IS $160,000. WHAT PERCENT OF THE BUSINESS IS OWNED BY THE FIVE OTHER PARTNERS?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 11MC: Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at...
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KYLE INVESTS $20,000 IN A PARTNERSHIP THAT HAS FIVE OTHER
PARTNERS. THE TOTAL INVESTMENT OF THE PARTNERS IS $160,000.
WHAT PERCENT OF THE BUSINESS IS OWNED BY THE FIVE OTHER
PARTNERS?
Transcribed Image Text:KYLE INVESTS $20,000 IN A PARTNERSHIP THAT HAS FIVE OTHER PARTNERS. THE TOTAL INVESTMENT OF THE PARTNERS IS $160,000. WHAT PERCENT OF THE BUSINESS IS OWNED BY THE FIVE OTHER PARTNERS?
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