When recording a bonus to a new partner,the new partner will:

Question

Quizplus · Accepted Answer

When recording a bonus to a new partner, the bonus will be recorded as a credit to the existing partners' capital accounts. The new partner's capital account will then be credited with their share of the bonus, which will result in a credit balance in their capital account. This means that the new partner will receive more in their capital account than what they are required to pay to become a partner, resulting in them paying less than they will receive in the capital account. Therefore, the correct answer is C.

When Recording a Bonus to a New Partner,the New Partner