Kinkaid is admitted to a partnership with a 25% capital interest by a cash investment...

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Accounting

Kinkaid is admitted to a partnership with a 25% capital interest by a cash investment of $125000. If total capital of the partnership is $825000 before admitting Kincaid, the credit to be made to the kIncaid, capital account is
a.$237500
b.$125000
c.$112000
d.$206520

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