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Other Fields Homework Help Accounting Topic started by: emanuell19 on Jul 26, 2018



Title: Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As ...
Post by: emanuell19 on Jul 26, 2018
Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As per the partnership agreement, Gary gets a profit share of 2/9; Peter gets 4/9; and Chris gets 3/9. The partnership agrees to pay $20,000 as the final settlement to Gary. How much bonus does Peter receive as a result of this transaction?
A) $3,429
B) $2,571
C) $3,333
D) $2,667


Title: Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As ...
Post by: alasyachristine on Jul 26, 2018
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Title: Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As ...
Post by: emanuell19 on Jul 26, 2018
This helps so much, thank you for responding so quickly...


Title: Gary, Peter, and Chris and have capital balances of $26,000, $38,000, and $30,000, respectively. As ...
Post by: alasyachristine on Jul 26, 2018
No worries, I was online and bored :lol: