What partnership capital will Robert have after Quincy retires?
A) $200,000
B) $280,000
C) $360,000
D) $440,000
C
Explanation: C) The $400,000 of implied goodwill is allocated to the partner accounts, with 1/5 ($80,000 ) being added to Robert's account.
Business
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a. It set a maximum tax rate. b. It set assessments for property acquired before 1978 back to the value on the 1975 tax roll. c. The tax can be increased 2% per year. d. All of these.
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