Accounting for Partnerships and Limited Liability Companies Question MC 1 answer below »

Accounting for Partnerships and Limited Liability Companies Question MC #52 (Points: 1.8)

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. The amount of the bonus to the old partners is

1. $18,000

2. $10,000

3. $8,000

4. $0

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