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Capital balances in the OPA partnership are O $150,000, P $90,000, and A $45,000, and income ratios are 5:3:2, respectively. The OPAC partnership is formed
Capital balances in the OPA partnership are O $150,000, P $90,000, and A $45,000, and income ratios are 5:3:2, respectively. The OPAC partnership is formed by admitting C to the firm with a cash investment of $50,000 for a 10% capital interest share. The bonus to be credited to A Capital in admitting C is:
Select one:
a. $4,500.
b. $4,300.
c. $6,700.
d. $3,300.
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