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Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $58,000, and Martin's capital balance $55,000. Hewlett and Martin have agreed to share
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $58,000, and Martin's capital balance $55,000. Hewlett and Martin have agreed to share equally in income or loss. The existing partners agree to accept Black with a 20% interest. Black will invest $36,200 in the partnership. The bonus that is granted to Hewlett and Martin equals:
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1,858 to Hewlett; $1,810 to Martin.
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$0, because Hewlett and Martin actually grant a bonus to Black.
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$3,620 each.
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$3,180 each.
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$1,858 each.
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