Jill and Smita have partnership capital account balances of $1056000 and $792000 respectively and share profits and losses equally. Sierra is admitted to the partnership by investing $440000 for a one-fourth ownership interest. The balance of Smita's Capital account after Sierra is admitted is

A) $726000.
B) $792000.
C) $858000.
D) $572000.

Capital Account Balance

This term refers to the total amount of funds contributed by investors or owners plus retained earnings in a company's or individual's financial account.

Ownership Interest

An individual's or entity's legal rights and claims to an asset or property, typically reflecting the extent of ownership and stake.

Partnership Capital

The total amount of assets or equity contributed by all partners in a partnership.