Question: Abdullah is admitted to a partnership with a 25% capital interest by a cash investment of 90,000. If total capital of the partnership before admitting

Abdullah is admitted to a partnership with a 25% capital interest by a cash investment of 90,000. If total capital of the partnership before admitting Abdullah is 390,000, the bonus to Abdullah is 15,000.A 30,000.00 45,000.CO 60,000.00 Partners A and B have agreed to share profits and losses in an 80:20 ratio respectively, after A is allowed a salary allowance of 30,000 and B is allowed a salary allowance of 15,000. If the partnership had net income of 30,000 for 2014, B's share of the income would be 15,000.A 18,000.B 3,000.CO 12,000.00

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