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Keith and Jim Are Partners

Question 38

Multiple Choice

Keith and Jim are partners.Keith has a capital balance of $51,000 and Jim has a capital balance of $37,000.Bill invested $27,000 to acquire an ownership interest of 30%.Which of the following statements is true of this transaction?


A) Keith and Jim received a bonus of $2550 each.
B) Keith and Jim received a bonus of $3750 each.
C) Bill received a bonus of $5100.
D) Bill received a bonus of $7500.

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