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emanuell19 emanuell19
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5 years ago
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
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Horngren's Accounting

Horngren's Accounting


Edition: 11th
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alasyachristinealasyachristine
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emanuell19 Author
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#2
5 years ago
This helps so much, thank you for responding so quickly...
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5 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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