Lyonette retires the partnership net assets are appraised


Question - Danny, DeeDee, and Lyonette share profits and losses on a 3:2:1 basis and have capital accounts of $30, $100, and $50, respectively. Lyonette retires: the partnership net assets are appraised at amount $300, and Lyonette is then paid $80 at retirement. What is Dannny's capital account after Lyon's retirement.

A) $84

B) $80

C) $(10)

D) $30

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Accounting Basics: Lyonette retires the partnership net assets are appraised
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