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Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $40 and $20 respectively. They decide to admit

Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $40 and $20 respectively. They decide to admit Tyler to the partnership.

Tyler invests $20 for a 25 per cent share of the partnership. The bonus to the existing partners or to the new partner would be:

No bonus to any partners

$8 bonus to both existing partners

$5.33 bonus to Matolcsy, $2.67 bonus to Wells

$8 bonus to Tyler

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