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Jones has $45,000 of capital and leaves the partnership. She is given $50,000 of cash upon leaving. Which of the following statements is true? Jones

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Jones has $45,000 of capital and leaves the partnership. She is given $50,000 of cash upon leaving. Which of the following statements is true? Jones will pay the bonus to the existing partners. Jones receives a bonus, to be be covered by the existing partners. Jones will record $5,000 as employment income. Jones receives a bonus, to be covered in equal amounts by the existing partners

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