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Keith and Jim are partners. Keith has a capital balance of $49,000 and Jim has a capital balance of $38,000. Bill invested $33,000 to acquire
Keith and Jim are partners. Keith has a capital balance of $49,000 and Jim has a capital balance of $38,000. Bill invested $33,000 to acquire an ownership interest of 30%. Which of the following statements is true of this transaction?
A. Keith and Jim received a bonus of $2,450 each.
B. Keith and Jim received a bonus of $1,500 each.
C. Bill received a bonus of $4,900.
D. Bill received a bonus of $3,000.
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