Question: PLEASE ANSWER QUESTION CORRECTLY AND SHOW WORK PLEASE!!! Donald, Anne, and Todd have the following capital balances; $40,000,$50,000 and $30,000 respectively. The partners share profits
Donald, Anne, and Todd have the following capital balances; $40,000,$50,000 and $30,000 respectively. The partners share profits and losses 10%,40%, and 50% respectively. Anne retires and is paid $68,000 based on the terms of the original partnership agreement.If the bonus method is used, what is the capital of the remaining partners? a. Donald, $30,000 : Todd, $10,000. b. Donald, 570,000 Todd, 518,000 . c. Donald, $40,000 : Todd, $30,000 d. Donald, $37,000; Todd, $15,000. e. Donald, 550,000 , Todd $50,000
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