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The Zebra Partnership has total partners' equity of $310,000, which is made up of Partner All Capital of $200,000 and Partner Badar Capital $110,000.
The Zebra Partnership has total partners' equity of $310,000, which is made up of Partner All Capital of $200,000 and Partner Badar Capital $110,000. The Partners share net income and loss in the ratio of 70% to All and 30% to Badar. On November 1, Malik is admitted to the Partnership and given a 25% interest in equity and a 25% share in any income and loss. Malik invests cash of $120,000. Calculate the amount of Total Bonus that will be distributed to the old partners $25,500 $30,000 $0 $12,500 Windows
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