Kristina and Sameera are partners. Kristina is allocated 60% of profits and losses and has...
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Accounting
Kristina and Sameera are partners. Kristina is allocated 60% of profits and losses and has a capital balance of $25 000, while Sameera is allocated 40% and has a capital balance of $20 000. Any bonuses to new and existing partners following the admission of new partners are shared equally. Seb is admitted to the partnership and is allocated a 40% share of the partnership. If Seb pays $25 000 to become a partner, what is Sameera's capital balance after his admission?
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