Keith and Jim are partners.Keith has a capital balance of $49,000 and Jim has a capital balance of $38,000.Bill invested $33,000 to acquire an ownership interest of 30%.Which of the following statements is true of this transaction?
A) Keith and Jim received a bonus of $1,500 each.
B) Bill received a bonus of $4,900.
C) Keith and Jim received a bonus of $2,450 each.
D) Bill received a bonus of $3,000.
Correct Answer:
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