What is the total capital of a partnership where Wilson invests $30,000 cash and Jones invests various assets valued at $33,500?

Study for the FBLA Accounting II Test. Prepare with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for your exam!

In a partnership, the total capital is calculated by summing the contributions of all partners. In this scenario, Wilson's contribution is straightforward, as he is investing cash amounting to $30,000. Jones's contribution consists of various assets, which are assessed at a value of $33,500.

To find the total capital of the partnership, you combine both investments. By adding Wilson's cash investment of $30,000 to Jones's assets valued at $33,500, you arrive at the total capital. The calculation is as follows:

$30,000 (Wilson's cash) + $33,500 (Jones's assets) = $63,500.

Thus, the total capital of the partnership amounts to $63,500, making it the correct answer. This reflects the combined financial resources that both partners have brought into the business, which is integral for determining the partnership’s equity structure and financial status.

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