Motts is admitted to a partnership with a 25% capital interest by a cash...

70.2K

Verified Solution

Question

Accounting

Motts is admitted to a partnership with a

25%

capital interest by a cash investment of

$90,000

. If total capital of the partnership is

$390,000

before admitting Motts, the bonus to Mock is\ Seleccione una:\ a.

$30,000

.\ b.

$45,000

.\ c.

$15,000

.\ d.

$60,000

.

image
Motts is admitted to a partnership with a 25% capital interest by a cash investment of $90,000. If total capital of the partnership is $390,000 before admitting Motts, the bonus to Mock is Seleccione una: a. $30,000. b. $45,000. c. $15,000. d. $60,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students