Nathan Invests $2,000 for 10% Interest in a Partnership That

question 93

Multiple Choice

Nathan invests $2,000 for 10% interest in a partnership that has total capital of $17,000 after admitting Nathan.Which of the following is true?

• A)Nathan's capital is $1,700.
• B)The original partners received a bonus of $200.
• C)Nathan received a bonus of $300.
• D)The original partners' capital in the business was $19,000 before admitting Nathan.