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Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $57,500, and Martin's capital balance $54,500. Hewlett and Martin have agreed to share
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $57,500, and Martin's capital balance $54,500. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 30% interest. Black will invest $28,500 in the partnership. The bonus that is granted to Black equals: |
$8,430.
$13,650.
$4,215.
$0, because Black must actually grant a bonus to Hewlett and Martin.
$6,825.
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