question archive Samuel and Darci are partners
Samuel and Darci are partners
Subject:AccountingPrice:2.87 Bought7
Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and for Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is
a. $8,000
b. $18,000
c. $0
d. $10,000
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Answer:
capital = 50000 + 60000 + 50000 = 160000
160000 * 20% = 32000
50000 - 32000 = 18000
so answer is b.. $18000
