Mathew, Patrick, and Robin and have capital balances of 571,000, $124,000 and $91,000, respectively. As per the
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Mathew, Patrick, and Robin and have capital balances of 571,000, $124,000 and $91,000, respectively. As per the partnership agreement, Mathew gets a profit share of 2/9, Patrick gets 4/9, and Robin gets 3/9 Partnership agrees to pay $60.000 as final settlement to Mathew How much bonus will Robin receive as a result of this transaction? (Do not round intermediate calculations and round the final answer to the nearest dollar)
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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