Multiple Choice
Keith and Jim are partners.Keith has a capital balance of $51,000 and Jim has a capital balance of $39,000.Bill contributes a building with a fair market value of $27,000 to the partnership for an ownership interest of 20%.How much is the total bonus for the existing partners?
A) $12,000
B) $13,500
C) $3600
D) $27,000
Correct Answer:
Verified
Correct Answer:
Verified
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