Samuel and darci are partners. the partnership capital for, Ask an Expert

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Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and for Darci is $60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. what is the amount of the bonus to the old partners ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M981292

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