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Beth, Steph, and Linda have been operating a small gift shop for several years. After an extensive review of their past operating performance, the partners
Beth, Steph, and Linda have been operating a small gift shop for several years. After an extensive review of their past operating performance, the partners concluded that the business needed to expand in order to provide an adequate return to the partners. The balances in the respective capital accounts of Beth, Steph and Linda are$783590, $349269 and $345929.
The partners share profit and losses in ratio of 0.24:0.26:0.15.
Mary is to invest $386831 for a one-fourth capital interest.
Using the Bonus method Beth Capital will be change by
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