A invests $30,000 for a one-fifth interest in a partnership in which the other partners have capital

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A invests $30,000 for a one-fifth interest in a partnership in which the other partners have capital totaling $90,000 before admitting A. After distribution of the bonus, what would A's capital be?

a. $16,000

b. $18,000

c. $30,000

d. $24,000

Related Book For answer-question

Financial Analysis with Microsoft Excel

ISBN: 978-1285432274

7th edition

Authors: Timothy R. Mayes, Todd M. Shank

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Posted Date: Jun 26, 2019 01:38 AM

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A invests $30,000 for a one-fifth interest in a partnership in which the other partners have capital

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Financial Analysis with Microsoft Excel

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