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e decrease by $1,000 A bonus paid by an incoming partner to the old partners is s a. on the basis of profit and loss
e decrease by $1,000 A bonus paid by an incoming partner to the old partners is s a. on the basis of profit and loss ratio. b. based on salary allowances. C. according to capital balances. d. by the interest method. e none of the above are correct. 14. Paul invests $2,000 for a 10% interest in a partnership that has total capital of $15,000 after admitting Paul. Which of the following is truet2 a. The original partners received a bonus of $500. b. Paul's capital is $2,000. c. Paul received a bonus of $500. d. The original partners' capital in the business was $13,500 before admitting Paul e. none of the above are correct 15, e
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