B1, B2 and B3 are partners in the partnership with the following contribution: Partner Capital Balance Income

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B1, B2 and B3 are partners in the partnership with the following contribution:

Partner Capital Balance Income share.

B1 150,000 35%

B2 100,000 30%

B3 200,000 35%

B2 decided to retire and receives 145,000 in cash from the partnership.

If bonus method is used to account for the retirement, B1's capital balance subsequent to the B2's retirement will be:

Posted Date: May 18, 2024 05:05 PM

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B1, B2 and B3 are partners in the partnership with the following contribution: Partner Capital Balance Income

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