The partnership of Gilligan, Skipper, and Ginger had total capital of $570,000 on December 31, 2017 as follows: Profit and loss sharing percentages are shown in parentheses. Assume that Mary Ann became a partner by investing $150,000 in the Gilligan, Skipper, and Ginger partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued. Mary Ann's capital credit using the bonus method should be

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The partnership of Gilligan, Skipper, and Ginger had total capital of $570,000 on December 31, 2017 as follows:  Profit and loss sharing percentages are shown in parentheses. Assume that Mary Ann became a partner by investing $150,000 in the Gilligan, Skipper, and Ginger partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued. Mary Ann's capital credit using the bonus method should be

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The Answer of The partnership of Gilligan, Skipper, and Ginger had total capital of $570,000 on December 31, 2017 as follows:  Profit and loss sharing percentages are shown in parentheses. Assume that Mary Ann became a partner by investing $150,000 in the Gilligan, Skipper, and Ginger partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued. Mary Ann's capital credit using the bonus method should be

The Partnership of Gilligan, Skipper, and Ginger Had Total Capital