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Richard and Devito share partnership profits and losses in the ratio of 6:4. Richard's Capital...

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Accounting

Richard and Devito share partnership profits and losses in the ratio of 6:4. Richard's Capital account balance is $162000 and Devito's Capital account balance is $97000. Nance is admitted to the partnership by investing $184000 and is to receive a one-fourth ownership interest. Richard, Devito and Nance's capital balances after Nance's investment will be Richard $205950 $199333 $202400 $162000 Devito $126300 $135767 $132700 $97000 Nance $110750 $110750 $110750 $184000

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