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Prior to admitting a new partner, AB partnership had total net assets of $150,000, with A's capital of $100,000 and B's capital of $50,000. The
Prior to admitting a new partner, AB partnership had total net assets of $150,000, with A's capital of $100,000 and B's capital of $50,000. The profit and loss ratio for A: B was 2:1. After admitting C, a new partner, who invests $60,000 for a 20% interest in the partnership, total net assets is $210,000; and Bonus to A is Bonus to B is A's capital is B's capital is C's capital is $18,000 $0 $42,000 $12,000 $56,000 $100,000 $6,000 $112,000 $60,000 $50,000
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