Keith and Jim are partners.Keith has a capital balance of $51,000 and Jim has a capital balance of $39,000.Bill invested a building worth $27,000 to the partnership for an ownership interest of 20%.How much is the total bonus for the existing partners?

Question

Quizplus · Accepted Answer

C)Bill will get an ownership interest of 20% of ($51,000 + $39,000 + $27,000)= 0.2 × $117,000 = $23,400
Total bonus to existing partners = $27,000 - $23,400 = $3,600

Keith and Jim Are Partners