Question
A invests $30,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $90,000 before admitting A. After distribution of
A invests $30,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $90,000 before admitting A. After distribution of the bonus, what would A's capital be?
a. $16,000
b. $18,000
c. $30,000
d. $24,000
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Financial Analysis with Microsoft Excel
Authors: Timothy R. Mayes, Todd M. Shank
7th edition
1285432274, 978-1305535596, 1305535596, 978-1285432274
