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radkins0108 radkins0108
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5 years ago
Mathew, Patrick, and Robin and have capital balances of $75,000, $125,000 and $93,000, respectively. As per the partnership agreement, Mathew gets a profit share of 2/9; Patrick gets 4/9; and Robin gets 3/9. Partnership agrees to pay $65,000 as final settlement to Mathew. How much bonus will Robin receive as a result of this transaction?
A) $5,714
B) $4,286
C) $5,556
D) $4,444
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Horngren's Accounting

Horngren's Accounting


Edition: 11th
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lolawwlolaww
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5 years ago
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radkins0108 Author
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#2
5 years ago
Commenting just to show my support for informative posts like this, keep it up 10/10
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#3
5 years ago
That helps more than you thinks, thanks for being so thoughtful
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