Question
Eagle and Falcon operate a partnership in which they have agreed to share profits and losses in a ratio of 5:3, respectively. They have agreed
Eagle and Falcon operate a partnership in which they have agreed to share profits and losses in a ratio of 5:3, respectively. They have agreed to accept Robin as a partner, offering her a 20% partnership share in exchange for an $80,000 cash investment. Prior to her investment, the combined equity of Eagle and Falcon totals $120,000. The admission of Robin as a partner will result in:
a. A bonus of $40,000 to Robin.
b. A bonus of $25,000 to Eagle and $15,000 to Falcon.
c. A bonus of $20,000 each to Eagle and Robin.
d. A bonus of $20,000 each to Eagle and Falcon.
e. No bonus for any of the partners.
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