Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively.What is the total partnership capital after Anne retires receiving $80,000 and using the bonus method?
A. $70,000.
B. $40,000.
C. $80,000.
D. $60,000.
E. $42,000.
Answer: B
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