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Keith and Jim Are Partners

Question 66

Multiple Choice

Keith and Jim are partners.Keith has a capital balance of $49,000 and Jim has a capital balance of $38,000.Bill invested $33,000 to acquire an ownership interest of 30%.Which of the following statements is TRUE of this transaction? (Round the final answer to the nearest dollar.)


A) Keith and Jim received a bonus of $1500 each.
B) Bill received a bonus of $4900.
C) Keith and Jim received a bonus of $2450 each.
D) Bill received a bonus of $3000.

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