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Business, 02.03.2021 02:30 jjcooper05
Smith and Johnson are partners. Smith's capital balance in the partnership is $56,000, and Johnson's capital balance $42,000. Smith and Johnson have agreed to share equally in income or loss. Smith and Johnson agree to accept Benson for a 25% interest. Benson will invest $40,000 in the partnership. The bonus that is granted to Smith and Johnson equals:
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Smith and Johnson are partners. Smith's capital balance in the partnership is $56,000, and Johnson's...
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