Balance in annes capital account

Reference no: EM13144856

Allen invests $20,000 cash and Anne invests land that originally cost $20,000 in their new partnership. The land is now worth $35,000. Which of the following is the balance in Anne's capital account?

A) $30,000

B) $35,000

C) $20,000

D) $25,000

E) None of the above

Reference no: EM13144856

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