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Nathan Invests $2,000 for 10% Interest in a Partnership That

Question 93

Multiple Choice

Nathan invests $2,000 for 10% interest in a partnership that has total capital of $17,000 after admitting Nathan.Which of the following is true?


A) Nathan's capital is $1,700.
B) The original partners received a bonus of $200.
C) Nathan received a bonus of $300.
D) The original partners' capital in the business was $19,000 before admitting Nathan.

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